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Oil glut dampens Iran’s hopes for big cash flows as sanctions lift - The Washington Post
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Steven Mufson reports in the Washington Post that oil exports from Iran will only gradually increase by 400,000 barrels a day in the next 6 months, because Iran does not want to depress prices further than $30 a barrel. Foreign investment in Iran is also likely to improve gradually because of the remaining sanctions and the slowly improving economy.
Lifting of economic sanctions and implementation of the Iran Nuclear deal in Jan. 2016
01/16/2016
As Steven Mufson reports in the Washington Post, the lifting of sanctions is likely to lead to a slow increase in exports of oil, only 400,000 in the first 6 months, because it is in Iran's interest not to depress prices further than $30 a barrel. Foreign companies will also take a gradual approach to foreign investment in Iran because of remaining sanctions and the slowly improving economic outlook. This creates breathing room for all sides to assess the new situation after the landmark nuclear agreement amid tensions about ballistic missile tests.
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