Iran’s Return Won’t Spoil Push To $80 Oil

Iran’s Return Won’t Spoil Push To $80 Oil

Share to Linkedin Simultaneous with the Iran Nuclear talks in Vienna, supporters of the Iranian opposition (NCRI), ... [+] held a rally outside the Grand Hotel on Friday, May 28, 2021 in Vienna, Austria. The protesters called the world community to end appeasing the Iran regime, hold its leaders accountable for violating human rights and spending the Iranian people's wealth on the nuclear weapons program. (Photo by Siavosh Hosseini/NurPhoto via Getty Images) A nuclear deal between the United States and Iran could tap the brakes on rising global oil prices. While there's disagreement among analysts on how the market would react, an end to U. S. sanctions would put up to 4 million Iranian barrels of oil a day on the market. Ongoing negotiations in Vienna have raised the possibility that the Biden administration could renew the nuclear deal much sooner than experts anticipated. Defying widespread predictions that nothing would happen before Iran's presidential elections on June 18, the White House has worked rapidly to reach a deal to restore the 2015 agreement that former President Donald Trump withdrew from in 2018. Global benchmark Brent crude wobbled significantly last week as a result of the negotiations. Prices fell $3 to