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July 13, 2021

Analysts still expect US, Iran to reach deal to lift oil sanctions despite growing delay

Featuring Rachel Ziemba

Source: S&P Global

Journalist Meghan Gordon

A deal to remove US sanctions on Iran's oil and other energy exports still remains the consensus view among analysts, but the possibility of talks collapsing has started to grow with the delays.

The oil market would lose up to 1 million b/d of incremental supply growth through early 2022 if an Iran deal is significantly delayed or the talks get derailed altogether, said Paul Sheldon, chief geopolitical adviser for S&P Global Platts Analytics.

"This would in turn raise demand for OPEC+ spare capacity and make it easier to maintain the framework of the group's current production agreement," Sheldon said.

Read the full story and more from S&P Global Platts.


  • Rachel Ziemba

    Adjunct Senior Fellow, Energy, Economics, & Security Program

    Rachel Ziemba is an Adjunct Senior Fellow at the Center for a New American Security (CNAS). Her research focuses on the interlinkages between economics, finance and security i...