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Iran Rejoins World Economy

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http://www.bbc.co.uk/news/world-middle-east-35335078

International sanctions on Iran have been lifted after its compliance with obligations under its nuclear agreement with world powers was certified.

The EU foreign policy chief, Federica Mogherini, announced the lifting of sanctions in accordance with the deal "as Iran has fulfilled its commitment".

The international nuclear watchdog, the IAEA, said its inspectors had verified that Iran had taken the required steps.

A deal between Iran and world powers was agreed last July.

The IAEA's Director General Yukiya Amano said it was "an important day for the international community".

Lifting the international sanctions on Iran will unfreeze billions of dollars of assets and allow Iranian oil to be sold internationally.

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Will we see oil under $25 by the end of the next week?

Thats the $450 million dollar day a question.

Depends on whether Iran actually has the capacity to lift production by 500KBPD as it claims. It certainly has some stored cargos it can offload quick. They have already been offering India some heavy discounts.

My circle of Iranian petroleum Engineer friends hope not - the rehabilitation work will keep them in work for the next decade given that work opportunities have dropped off a cliff here.

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I am beginning to wonder if the US (and other western govts) has finally had enough of KSA and is trying engineer it's implosion - if so the current "flood" of refugees will look like it was a mere trickle

Edited by debtlessmanc

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The current president is Hassan Rouhani, who took over from Mahmoud Ahmadinejad (who was not pro US- he started talking about false flag operations). Rouhani let go the captured US Navy crew a few days ago, probably sealed the deal.

I would be more surprised if North Korea rejoined the world economy.

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Is it possible that oil dips this week on the news of the Iranian oil sanctions lifting, but that this actually becomes the bottom in oil when people quickly realise that:

1. Iran does not currently have the infrastructure in place to ramp up production.

2. Iran has, according to some posts on here, has allegedly already been sellings its current production on the black market for years.

In other words the threat of a rapid increase in Iranian oil production flooding the world markets is just a red herring.

Could the bottom at oil be mere days away?

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Could the bottom at oil be mere days away?

You would have to be a very brave man to try and catch this falling knife. I think when the trend does change on commodities in general it will be a great opportunity for investing, but we have lived through 15 years of complete financial lunacy that is not going to unwind with out major consequences.

Interesting times.

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I am beginning to wonder if the US (and other western govts) has finally had enough of KSA and is trying engineer it's implosion - if so the current "flood" of refugees will look like it was a mere trickle

My thoughts exactly. The wests puppet has become rabid, will the west put it down?

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The problem if the KSA implodes is what happens to all those ex-pat Brits currently living there?

They are getting jittery already.

A lot of low level stuff happening we don't hear about.

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They are getting jittery already.

A lot of low level stuff happening we don't hear about.

Such as?

How do you hear about it if we don't hear about it. Oxymoron terrorism? :D

So what are we saying here - intimidation? People looking threateningly at non-muslims?

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Shares in Tehran gained and stocks across the Middle East tumbled as the easing of sanctions raised the prospect of a surge in oil supplies.

Edited by rollover

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Raoul Pal on Twitter:

"Iran is my top pick for next 15 years. Better opportunity than even India... P/E of 5. This will be the new biggest thing."

"Iran is going to be the single best inv opportunity for the next decade. Economy was paused in 1980 and will catch up 35 years in < 10"

Worth W. Wray on Twitter:

"Iran's $400B+ economy is remarkably diversified with large service & industrial sectors. #Oil only accounts for 15%"

CJL8E2zUMAAfgfF.jpg

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