Market Wrong On Iran Oil Shipments, Barclays Says
The return of Iranian barrels is likely to be delayed until at least mid-2016, meaning there will be no supply gut in the near future. Capital analysts led by Mike Cohen in New York said Friday that the market has priced in Iran’s return as highly likely, and it is anything but. Treasury Secretary Jack Lew recently noted in a Congressional Testimony that there is no immediate change to United Nations, E.U., or U.S. sanctions on Iran. Only if Iran fulfills all of the necessary conditions will phased sanctions relief begin. Iran will continue ...
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