Oil Price: is Iran finally ready to enter the crude oil markets again?

[hemanthaa@mail.com + 64]

Iran appears to be showing some flexibility in reviving the JCPOA and becoming a serious player in the crude oil markets, once again. Its oil prodcution has gone up by 21% from December, last year, and it may not want to lose the opportunity to cash in on the current high oil prices, by dragging its feet over the issue any more.

The Iranian foreign minister, in no uncertain terms, said today that Iran is in a hurry to revive the JCPOA, implying the strongest signal from the Persians in this regard.

Please read here for more on this:

 

[Starschy + 211]

Iran has a 25 year Deal with China. They don‘t need the West anymore.