What Iran's Ultimatum Means for Europe, Oil and Diplomacy

• Iran’s threat to Europe on abandoning some of the terms of the 2015 nuclear accord was met with a cold response from European leaders this morning who said they reject any ultimatums.
• While EU leaders cited the need for more talks, they are in the thankless position of jawboning both Iran and the U.S. to take efforts to reduce tensions.
• It all looks unlikely for now after the White House issued an executive order banning the purchase of Iranian metal exports. 

 (Source: Bloomberg)