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Analysts: One year for Iran to reach normal oil output

The nuclear deal between Iran and the West will far from flood the markets with oil in the short term, says Global Risk Management in a new analysis. It will take Iran a year to reach a production at the level from before the sanctions.

Photo: Vahid Salemi/AP/POLFOTO

It will take a while before Iran again will achieve the level of oil production seen before the Western sanctions were implemented, according to an analysis from Global Risk Management in which the company assesses the developments in the global oil market.

First, the deal made between the parties in Lausanne in Switzerland last week will need to be approved in both Washington and Tehran, and the political framework agreement for Iran's nuclear program will be negotiated and finalized in the coming months with a deadline at the end of June.

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