Tag Archives: Iran

4 reasons the Iran accord isn’t crushing oil prices

The nuclear deal with Iran isn’t quite the apocalypse oil investors might have feared. Oil prices Tuesday CLQ5, +0.70% LCOQ5, +0.65% took a brief dive after news that Iran reached a historic agreement Tuesday with the U.S. and five other world powers. Prices, however, finished higher, with oil on the New York Mercantile Exchange above $53 a barrel, its highest ...

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Iran Deal Risks Clash With Saudis for Middle East Dominance

First the historic handshakes, now for the reality check in a region ripped apart by war. With the accord over Iran’s nuclear program comes the question of whether, after 12 years of debilitating sanctions, a resurgent nation can avoid escalating its confrontation with a more assertive Saudi Arabia. How that plays out in a Middle East going through its bleakest ...

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What Iran’s Nuclear Deal Means for the Global Crude Oil Market

The nuclear accord reached in Vienna on Tuesday could eventually reshape global oil markets. After almost two years of talks, the holder of the world’s fourth-biggest crude reserves will benefit from an easing of international sanctions on exports in return for curbs on its nuclear program. How Much More Oil Can Iran Produce? Iranian Oil Minister Bijan Namdar Zanganeh says ...

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Congress promises rough ride for any nuclear deal with Iran

The top Republican in the U.S. Senate cast doubt on Sunday on whether President Barack Obama would be able to win approval in Congress for any nuclear deal with Iran, and some Democrats also expressed reservations. “I think it’s going to be a very hard sell, if it’s completed, in Congress,” Senate Majority Leader Mitch McConnell told “Fox News Sunday”. ...

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