GRM: Good news from Iran does not equal near-term prospects for oil

The more reform-minded politician Hassan Rohani may have won the Iranian election during the weekend, but it will be a good while before a reestablishment of the oil production will come into question, estimates Global Risk Management.

BY TOMAS KRISTIANSEN

That Hassan Rohani, a more moderate politician, will become the new president of Iran will not affect the oil market significantly, even though trading is often carried out based on expectations for production and prices.

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Iranian ships on the run
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Iran conducts new naval exercise in the Strait of Hormuz

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