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Iran, OPEC, and the future price of oil

Posted on 29 January 2014

The interim agreement reached on the Iranian nuclear program late last year was viewed widely as an important step in reducing Middle East tensions, but the deal also created a new set of challenges.
In exchange for Iran halting the development of key facets of its nuclear program, the five permanent members of the UN Security Council - the United States, China, France, Russia, and the United Kingdom - plus Germany (or the P5+1) have temporarily eased some economic sanctions on Iran, including a restriction on oil exports………………………………………..Full Article: Source


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