Platts: Iranian oil set to hit fragile market

When the sanctions against Iran are repealed, the amount of oil available for export will be doubled within six months. The Iranian oil looks set to hit a highly volatile market, says Platts in an analysis.

Photo: Milad Payami - Statoil

A repeal of the Western sanctions against Iran will double the country's oil output in the following six months. This means that the country's crude oil export will reach two million barrels per day in six months.

The Iranian oil will flood into the international oil market and impact an already fragile oil price, notes Platts in a new analysis.

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