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Oil price caught up in fallout from Iran nuclear deal

Posted on 14 January 2014

The price of oil will come under “serious downward pressure” as the nuclear deal between Iran and six world powers kicks in next week, a leading analyst told CNBC.
In an interim deal struck between Iran and the UN Security Council plus Germany in November, Iran agreed to freeze parts of its nuclear program in return for sanctions relief. Despite criticism of the move, the deal comes into effect on January 20 giving the parties six more months to finalise the pact………………………………………..Full Article: Source


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