July 13, 2015

Will an Iran deal lower gas prices? Maybe eventually, experts say

Featuring Elizabeth Rosenberg

Source: ABC 15

Journalist Sinclair Broadcast Group

WASHINGTON (Sinclair Broadcast Group) — Negotiations may conclude Tuesday in the international diplomatic effort to reach a deal on restrictions for Iran’s nuclear program, but the impact of a potential agreement on the global oil market could take much longer to play out.

The Associated Press reported Monday that negotiations in Vienna between the U.S., Iran, and several other countries are held up over a couple of issues, including Iranian demands that a United Nations arms embargo be lifted. Talks are expected to continue Tuesday.

While the lifting of economic sanctions that will probably be part of an eventual deal would mean more Iranian oil hitting the market, it could be months or years before the full effects of that change are felt.

Read the full article at ABC 15.

  • Elizabeth Rosenberg

    Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a Senior Fellow and Director of the Energy, Economics and Security Program at the Center for a New American Security. In this capacity, she publishes an...