Etiket arxivi: Sanctions on Iran Lifted Up: Where it Leads Russia and Oil Market?

Sanctions on Iran Lifted Up: Where it Leads Russia and Oil Market?

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International Atomic Energy Agency (IAEA) declared on Saturday that Iran has fulfilled all obligations regarding the dismantling of its nuclear program, sending the bulk of uranium outside of the country and disabling its main nuclear reactor-Arak. Therefore all economic sanctions must be lifted up. Reentering of Iran to international market would help to decrease bloody tensions in the Middle East somehow, even it will drag oil prices down by $10.

Lifting of sanctions mean for Iran a free access to its long-frozen assets for nearly $100 billion, as well as, freedom to export oil and natural gas to Europe [1]. Regaining access to $100 billion is the most essential factor for Iran taking into account the current critical finance situation of the country. Access to international marketplace will allow Iran to increase partnership deals with third world countries, which were banned by U.S and the EU from trade with Iran because of sanctions. Iran’s return to the world market is expected to add 1 million barrels of oil a day to production [2]. Oxumağa davam et Sanctions on Iran Lifted Up: Where it Leads Russia and Oil Market?