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FBN’s Jeff Flock and PFGBEST Energy Analyst Phil Flynn on concerns over higher levels of enriched uranium found at a site in Iran.
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It is what is the reaction that it's there to what is a big concern about Iran.
Yet just talking to a couple of traders in this course comes guys just as you know oil was starting to drop and really you know somewhat precipitously drop -- feel like -- we were pretty good shape for.
For lower oil prices but fears that the caution on this and this is why I think you know we've had a slight bump up in oil prices this morning.
Why there's not a more boasts a strong reaction to this.
Apparently and this is from Phil Flynn that -- -- give me this information.
The traces that would left in there that were found that the higher levels could just be.
Essentially act technical glitch is what they're thinking.
-- that would mean that.
If it was just a technical -- it would be because.
That the started enriching the levels are higher it might not necessarily mean that they were heading toward some sort of weaponry used for this it may just be part of the enriching that they claim they're doing only for peaceful purposes that is to say for power.
To that may be what's keeping a lid on oil prices -- there's any further indication from the IAEA.
We could get -- Other well I don't know I don't know I know something that you said that because.
The report that's coming out of the agency admit that it's Iran's explanation.
That this is a technical let's let's Iran's explanation that you and I know but for -- -- With the can't always trust with the Iranians are saying in the eight diseases are investigating.
These claims I mean obviously the I think they've got a they've got to be very concerned about about this next stage of -- stage for -- -- if indeed that's what they're doing.
As you can see it is already stopped the precipitous fall of oil and Phil was just -- in fact I see -- they'll take they'll -- there can can yeah.
This is unconventional look at our other commodity -- Here with -- -- -- -- husband alone time how big a deal do you think this could -- -- staff I mean this -- The rail the talks were happening right now with high winds pushed back to June in Russia.
He could make Israel.
Basically.
You lose their patients how to say yeah and then -- then -- -- but I exactly right and when you've grown into a three day weekend in a way.
But this overhanging the market nobody's gonna -- -- be -- over the week how well how come we haven't seen more of a baby bump yet.
I think that the markets.
-- getting the news and they don't really know how to take it yet.
I do believe.
I know I think there -- enough never got away I appreciate it I think this is guesswork out of him and we can't pick up already and I'm.
Essentially I think as we get later in the day in this news makes around people argument not want to be short.
That meets at the floor for ninety's probably gonna hold because I talked a few traders that didn't have the information in this is you know and it's -- has been percolating out here and you know we hesitate to report.
But we hear you know there's price is like the world's biggest newsroom down and it's a rumor mill at times but now obviously -- bits and pieces together as one headline here -- -- -- Another headline there.
But now it's obviously being reported by a lot of sources in this -- huge -- adjusted primary and it's been lying in the whole time.
About their nuclear program it's gonna make Israel if true if this is -- true if true an Israel very impatient.
And that it REIT -- is a risk of a conflict.
And that's gonna -- the principal.
How to write us Phil Flynn guys first here on the Fox Business Network.
-- That doesn't question hold on just stand by the senate -- -- -- -- -- yes I don't I'm not really really huge flight of stairs do you normally patient -- behavior really might wanna spend little time for the stair master.
But you guys here's what I'm wondering all right.
Whoever really believed that -- on.
With one of the biggest oil deposits in the entire world.
Was honestly interest in nuclear only for energy we always knew they wanted to weapon why should traders flip out about this.
And send oil soaring.
Debt.
Dennis asking me you know we we we may be thought we knew Iran was always in this for for weaponry why you know why -- -- will be sort.
Well because there's they have been talking.
EM now at least for the international community to catch up the you know -- there could be plausible tonight ability from other countries you know supporters -- by -- like Russia.
In some in China and some of the other countries that it had ten they're back.
But now it's going to be very difficult for -- land to suggest that.
They are not seeking.
-- grade uranium.
It would be very difficult for these supporters of this country's stand behind them and in this issue so that could be one of the issues that's created in -- concerns.
Apparently where we will be watching -- all they have.
Guys that we are and that's against all I know that -- I -- up those stairs of the top fine thank you very much support thanks to Jeff Flock are getting on the breaking news.
