Talks on 2015 Iranian Nuclear Deal: Iran's optimism gives markets a sense of stability in the region

[hemanthaa@mail.com + 64]

In a rare sign of optimism, the head of the Iranian delegation at talks that take place in Vienna, Austria has indicated the possibility of the US sanctions being lifted - or at least being eased in certain key sectors.

Although the siignatories to the the deal, known as the JCPOA, has been moving the goal posts in recent months, both sides know that the stakes cannot be higher unless a new deal is struck, given the increasing volatile nature of the region; a nuclear arms race is the last thing that the world wants to see where religion-based hostilities have never been in short supply.

As for the oil markets, even the prospects of sitting down for talks, let alone coming to an agreement, give a sense of stability; despite the arrival of Iranian oil to the markets, the economic indicators are strong enough to keep the crude oil price at the current level and the fear of a supply glut is simply blown out of proportion.

The fall in oil price this week, having risen for over six weeks, in this context, is more to do with what is happening in India than the worries about over-supply of the crude oil.

More on that is here

:https://www.oilfutures.co.uk/2021/05/2015-iranian-nuclear-deal-irans.html

[Boat + 1,315]

There is nothing about Iran that suggests stability or a change of behavior. The US will have to take out their military at some point. Iran continues to supply missiles to attack Israel and weapons for US enemies across the Middle East. 
There are two entrenched religions at war there and as the centuries have shown the desire to stop attacking each other has not gone away. Just trying to be real.