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Report: Russia, Iran oil agreement will only include 70K barrels per day

  • After many months of talks, Russia and Iran have yet to agree over the concrete details of their oil-for-goods deal, although new reports state that the agreement will be much smaller than previously expected.
  • Initial Russian and Western media outlets said the agreement would see Iran export of up to 500K barrels of oil per day, but Moscow's Kommersant business daily now cites sources saying the controversial deal will be closer to 70K.
  • ETFs: USO, OIL, UCO, SCO, BNO, DTO, DBO, CRUD, USL, UWTI, DWTI, DNO, SZO, OLO, OLEM, TWTI,GULF, MES, RSX, RUSL, RSXJ, ERUS, RUSS, RBL, RUDR
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