Iran Deal is far from being sealed - Feb 18
Posted: Fri Feb 18, 2022 3:10 pm
From OilPrice.com
Oil has been in the doldrums this week as increasingly worrying news from the Russia-Ukraine border was offset by tangible progress in the Iran nuclear talks. Reportedly, the sequence of steps regarding the gradual easing of sanctions has already been ironed out - first Iran has to halt all enrichment above 5% purity and release political prisoners, then JCPOA members will unfreeze its assets that were frozen following the reimposition of sanctions. Should Iran sign up to the deal, we could see free movement of its crude from Q3 2022 onwards, cooling down fears of longer-term supply tightness in the markets.
Until the "Supreme Leader" agrees, there is no deal.
My Take. Once they get the money, Iran will not comply with any deal.
Oil has been in the doldrums this week as increasingly worrying news from the Russia-Ukraine border was offset by tangible progress in the Iran nuclear talks. Reportedly, the sequence of steps regarding the gradual easing of sanctions has already been ironed out - first Iran has to halt all enrichment above 5% purity and release political prisoners, then JCPOA members will unfreeze its assets that were frozen following the reimposition of sanctions. Should Iran sign up to the deal, we could see free movement of its crude from Q3 2022 onwards, cooling down fears of longer-term supply tightness in the markets.
Until the "Supreme Leader" agrees, there is no deal.
My Take. Once they get the money, Iran will not comply with any deal.