Iran ready to release huge amounts of oil
The deadline for an agreement with Iran regarding the country's nuclear program expires at midnight, and Iran would be able to rapidly send huge amounts of oil into the market from the floating deposits in the country's tanker fleet.
BY OLE ANDERSEN
Negotiators, including the US, the UK, France, Germany, Russia and China on one side and the Iranian negotiators on the other side, are currently in Geneva trying to reach an agreement for a deal regarding the Iranian nuclear program, which has the potential to release huge amounts of Iranian oil into the global market. The deadline for a deal, which would enable Iran to produce nuclear weapons, expires the night before Wednesday, March 31st.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Morgan Stanley: Iran deal could send tanker rates soaring
For subscribers
Yemen conflict could hit key shipping routes
For subscribers
