Platou: Iranian nuclear accord could boost VLCC rates

Analysts Platou estimate that the supply of and demand for Iranian oil will increase, and that the VLCC rates could improve significantly over the next two years.

The nuclear accord signed on Sunday between the United States, Russia, France, China, Great Britain, and Germany could benefit rates in the tanker segment in the long term, says Platou in its latest analysis.

While there is no apparent prospect of changes to the Iranian oil market during the first six months, where the sanctions against the country's oil export remain effective, Platou notes that the price for a barrel of the European reference oil, Brent, declined by three dollars on Monday morning, due to rumors that the sanctions would be lifted after the first six months.

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