Iran Agreement Means Less Inflation, Higher Growth
Although economists haven't yet begun to crunch the numbers, Iran's agreement not to produce atomic weapons or weapon-grade plutonium for at least 10 years will result in increased oil production and lower oil prices, thus keeping inflation in check and interest rates at their current lows for some time to come, if not years. This is if Congress approves the deal, of course. But lifting the economic sanctions will enable Iran to begin to sell its oil internationally sometime next year, into a world already flooded with oil products, though ...
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