An Iran Nuclear Deal Revival Could Dramatically Alter Oil Prices — If It Happens

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

United States Headlines News

United States Latest News,United States Headlines

Should the nuclear deal be revived, 1-2 million barrels per day of extra oil could hit the market in a comparatively short period of time,” one analyst said.

Ukraine Looks to Choke Off Russian Forces in Occupied Kherson; IAEA Begins Risky Nuclear Power Plant Trip

And veteran OPEC analyst Helima Croft, head of global commodity strategy at RBC Capital Markets, told the Financial Times last week that"earlier this year I think it's fair to say Saudi Arabia and other regional actors were reasonably confident the Iran deal wasn't going to happen in the near future … Now that the negotiations have been revived I think they will be focused on both the oil market and the wider security implications of this deal potentially getting over the finish...

Since the U.S. withdrawal in mid-2018 however, sanctions have crushed Iran's economy of 84 million people and Tehran has progressively ramped up its nuclear activity in breach of the deal, enriching uranium to the highest levels it has ever enriched and prompting the head of the IAEA to warn that"only countries making bombs" are exhibiting this level of activity.

"An Iran deal would represent an additional 1.1, 1.2 million barrels per day in crude exports, production and exports. That would happen over the next eight months. So we'd have a material difference on balances globally," said Reid l'Anson, senior commodity analyst at commodities data firm Kpler."The question moving forward is are we actually going to see a deal," he said.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How about of racist joe Biden….. what about 2k mules

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No way back to Iran nuclear deal if international probe goes on: RaisiIran warns that any roadmap to restore Tehran's nuclear deal with world powers must first see international inspectors end their probe on man-made uranium particles found at undeclared sites
Source: trtworld - 🏆 101. / 63 Read more »

Oil prices climb on OPEC supply cut prospect, rise in demandOil prices rise 1 percent on expectations that OPEC will cut output if needed to support prices in the backdrop of conflict in Libya and soaring natural gas prices in Europe
Source: trtworld - 🏆 101. / 63 Read more »

Fire TV Stick 4K price is down to $39.99 for Labor Day 2022Amazon Fire TV Stick 4K price just got a surprise discount, but it's undoubtedly ending soon. Don't miss out on this deal.
Source: BGR - 🏆 234. / 63 Read more »

The security flaws that make Twitter’s insider threat so scaryIt’s not the first time this has happened. kvgraphy1 TheDeshBhakt dhruv_rathee ... 👀 scary might be an overkill word!!
Source: verge - 🏆 94. / 67 Read more »

Biden admin races to stave off another gas price disaster with oil price cap negotiationsThe Biden administration, led by Treasury Secretary Janet Yellen, is continuing to privately negotiate a potential price cap on Russian oil to avoid skyrocketing energy costs. Too little too late! Midterms are in 2 1/2 months. Here is an idea, and hear me out. POTUS stop the proxy for profit war in Ukraine which has the sole purpose of ass covering and elitist profits. Open American oil and STOP WASTING THE RESERVES. seems fairly simple. FYI Bidden at Wilkes university later today please don't be fooled by attendance it is mandatory for all students ! Sickening
Source: FoxBusiness - 🏆 458. / 53 Read more »

Governments Are Rethinking Nuclear PowerIn the face of rising energy prices, Germany, California, and Japan are reconsidering early nuclear plant retirement. nuclear weapons = bad nuclear power = good? anyone see the issue... The end is nigh.
Source: Gizmodo - 🏆 556. / 51 Read more »