Iran, world powers near deal over nuclear program, sanctions


Iran and the P5+1 world powers are close to an agreement in which the Persian nation would halt the most advanced elements of its nuclear program, including the production of weapons-grade fuel, in return for a limited easing of the sanctions that have badly hurt its economy.

The deal, which could be announced today, won't at this stage include a lowering of banking and oil sanctions, although the international negotiators could allow Iran to access $50B in crude export revenue that has been frozen in European and Asian banks.

Israel is opposed to the agreement, as are some U.S. legislators, with a Senate committee continuing to prepare a set of tough new sanctions despite the progress of talks.

WTI is flat at $94.24 a barrel, while Brent is also little changed at $103.46.

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Comments (3)
  • Michael Fitzsimmons
    , contributor
    Comments (10970) | Send Message
     
    Could a deal with Iran be spooking US shale oil stocks?

     

    http://seekingalpha.co...
    8 Nov 2013, 08:38 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4291) | Send Message
     
    John Kerry must be channeling Neville Chamberlain.
    8 Nov 2013, 09:38 AM Reply Like
  • DonSimon
    , contributor
    Comments (124) | Send Message
     
    The western world will never learn. Iran will now have the bomb earlier with some sanctions being lifted. We recall the deal the world made with North Korea ? Well it was just a delaying action by them while we eased their pain. Iran read the North Korean book on how to fool the Western world!
    8 Nov 2013, 09:43 AM Reply Like
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