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London (AFP) – World oil prices slid on Monday after a U.S.-led deal was struck between world powers and Iran on the Islamic Republic’s controversial nuclear program.

Brent North Sea crude for delivery in January shed $1.82 to stand at $109.23 a barrel in London midday deals.

New York’s main contract, West Texas Intermediate (WTI) for January, retreated $1.36 to $93.48 a barrel.

“The main focus at the start of the week is the interim U.S.-Iran deal which was concluded at the weekend,” said Neil MacKinnon, analyst at VTB Capital financial group.

“The immediate impact has been felt on the oil price, which has moved lower, unwinding some of last week’s gains… Were this move to be sustained, it would provide a positive knock-on effect in terms of U.S. economic growth though this might only hasten the Fed’s move to an early tapering of its bond purchases,” he added.

Major crude producer Iran on Sunday agreed to curb its nuclear program for the next six months in exchange for limited sanctions relief, in a preliminary accord with world powers meant to lay the foundations for a comprehensive agreement later this year.

“Brent had rallied last week in response to market talk that the negotiations weren’t going so well, and what we see right now is a downward correction of prices after the deal,” said Victor Shum of IHS Purvin and Gertz consultants.

“The impact of the deal on global oil supply will however be limited since much of the sanctions continue to remain in place,” the Singapore-based analysts told AFP.

Tan Chee Tat, an investment analyst at Phillip Futures in Singapore, said WTI was less affected by the deal as any potential influx of Iranian oil into global markets will mainly soften Brent.

“Brent and Iran crude oil are catered to the same regional clients. As such, the news had a greater negative impact on Brent crude instead of WTI crude,” he said.

The deal was reached following marathon talks in Geneva between Iran and the so-called P5+1 nations comprising the United States, China, France, Britain, Russia and Germany.

The West and Israel suspect Iran is pursuing a nuclear weapons capability alongside its uranium enrichment program, which Tehran insists is entirely for peaceful purposes.

Actor as Donald Trump in Russia Today video ad

Screenshot from RT's 'Trump is here to make RT Great Again'

Russia Today, the network known in this country as RT, has produced a new "deep fake" video that portrays Donald Trump in post-presidential mode as an anchor for the Kremlin outlet. Using snippets of Trump's own voice and an actor in an outlandish blond wig, the ad suggests broadly that the US president is indeed a wholly owned puppet of Vladimir Putin– as he has so often given us reason to suspect.

"They're very nice. I make a lot of money with them," says the actor in Trump's own voice. "They pay me millions and hundreds of millions."

But when American journalists described the video as "disturbing," RT retorted that their aim wasn't to mock Trump, but his critics and every American who objects to the Russian manipulations that helped bring him to power.

As an ad for RT the video is amusing, but the network's description of it is just another lie. Putin's propagandists are again trolling Trump and America, as they've done many times over the past few years –- and this should be taken as a warning of what they're doing as Election Day approaches.

The Lincoln Project aptly observed that the Russians "said the quiet part out loud" this time, (Which is a bad habit they share with Trump.)