Iran deal 'will lead to surge of oil to Asia'
Iranian Revolutionary Guards drive a speedboat past an oil tanker at the port of Bandar Abbas on July 2, 2012 (AFP Photo/Atta Kenare)/ London (AFP) - Iran's deal with Western powers to curb parts of its nuclear programme is likely to lead to a sizable increase of shipments of oil from the Islamic Republic to Asia, analysts said./ If the interim deal struck this weekend in Geneva leads to a full lifting of sanctions, it could spark an injection of oil into an already over-supplied global market, many said Monday. But while the agreement in ...
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