Oil Prices Unaffected by Iranian Nuclear Deal

Constantine Simonov, Director of the Foundation of National Energy Security, and Ilham Shaban, head of the Baku Center for Oil Research, told Vestnik Kavkaza that the agreement Iran and the six mediators signed has had no impact on oil prices because the text was not clear enough about Iranian oil exports.

Simonov does not rule out that the market may react with a slight drop in oil prices. He noted that the document was not clear enough to predict a scrapping of sanctions. The expert said that the new Iranian leader had a liberal image but the fact that political course of Iran remained the same was obvious to everyone. Simonov predicts that the more successful talks Iran has, the more radical reaction its neighbours Israel and Saudi Arabia may have.

Shaban reminded that the first statement of the White House had said that the agreements did not give Iran the right to open oil exports to the world market. He explained that the unfreezing of Iranian assets yesterday was only a goodwill gesture. Concerning oil prices, Shaban said that the upcoming winter and possible gas wars in Europe in the context of tensions between states had a much greater impact than the document Iran signed.

Constantine Simonov, Director of the Foundation of National Energy Security, and Ilham Shaban, head of the Baku Center for Oil Research, told Vestnik Kavkaza that the agreement Iran and six mediators signed had no impact on oil prices because the text was not clear enough about Iranian oil exports.Simonov does not rule out that the market may react with a slight drop of oil prices. He noted that the document was not clear enough to predict a scrapping of sanctions. The expert said that the new Iranian leader had a liberal image but the fact that political course of Iran remained the same was obvious for everyone. Simonov predicts that the more successful talks Iran has, the more radical reaction its neighbours Israel and Saudi Arabia may have.Shaban reminded that the first statement of the White House had said that the agreements did not give Iran the right for open oil exports to the world market. He explained that unfreezing of Iranian assets yesterday was only a goodwill gesture. Concerning oil prices, Shaban said that the upcoming winter and possible gas wars in Europe in the context of tensions between states had a much greater impact than the document Iran signed

2825 views


Vestnik Kavkaza

in Tumblr

Subscribe



Populars