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Iraqi expert: Oil prices will not collapse with the Iran-US nuclear agreement
Shafaq News/ Oil expert Hamza Al-Jawahiri confirmed today, Tuesday, that oil prices will not collapse with the Iranian-US nuclear agreement.
Al-Jawahiri said in an interview with Shafaq News Agency, "If the nuclear agreement between Iran and America is concluded, oil prices will not collapse," noting that "these prices may be affected, but for a short period, and there will be a slight drop in prices, but they will rise again after a short period."
He added, "Iran did not stop its oil exports during the sanctions imposed on it, as it is currently selling the oil produced from it to China, India and other countries in several ways, and the market needs more oil, especially with the return of the global economy to openness after Corona."
Oil prices fell on Tuesday, ahead of the resumption of indirect talks between the United States and Iran that could revive the nuclear deal that could lead to the lifting of sanctions imposed on Iranian oil sales and an increase in global supplies.
Talks on reviving the 2015 Iran nuclear deal, which are taking place in Vienna, are due to resume on Tuesday after a 10-day hiatus.
The United States has restored some exemptions from sanctions, while Iran is demanding a complete lifting of sanctions and an American guarantee that no more punitive measures will be taken.
International oil prices rose to great levels, reaching more than $90 per barrel, in light of the high demand for it and the lack of supply, at a time when OPEC still did not reach its production goals and the United States did not increase production much.
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Al-Jawahiri said in an interview with Shafaq News Agency, "If the nuclear agreement between Iran and America is concluded, oil prices will not collapse," noting that "these prices may be affected, but for a short period, and there will be a slight drop in prices, but they will rise again after a short period."
He added, "Iran did not stop its oil exports during the sanctions imposed on it, as it is currently selling the oil produced from it to China, India and other countries in several ways, and the market needs more oil, especially with the return of the global economy to openness after Corona."
Oil prices fell on Tuesday, ahead of the resumption of indirect talks between the United States and Iran that could revive the nuclear deal that could lead to the lifting of sanctions imposed on Iranian oil sales and an increase in global supplies.
Talks on reviving the 2015 Iran nuclear deal, which are taking place in Vienna, are due to resume on Tuesday after a 10-day hiatus.
The United States has restored some exemptions from sanctions, while Iran is demanding a complete lifting of sanctions and an American guarantee that no more punitive measures will be taken.
International oil prices rose to great levels, reaching more than $90 per barrel, in light of the high demand for it and the lack of supply, at a time when OPEC still did not reach its production goals and the United States did not increase production much.
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