If sanctions against Iran will be suspended, it shall again become a leader in the production of oil in the world market, the proposal which is already too high. Of course, this process will take some time, it will not happen quickly, but experts predict that in this background, oil prices will again under high pressure.
Iran held talks on its nuclear program with the “six” of international mediators. According to their results have been achieved arrangements that suggest the possibility of lifting the sanctions against the state. This means that Iran will get access to the world oil market. The earliest date when this might happen – the end of July. However, even in this case, the effect on the oil market will be no earlier than the beginning of next year. Experts believe that the increase in Iranian exports will be gradual, and the return to predsanktsionnym levels occur more slowly than expected this power of the state.
The embargo against Iran was introduced in 2012. Whereas the EU imposed a ban on imports of Iranian fuel, and the United States, in addition to the limits set out in the late 80s, blocked the purchase of oil from Iran by third countries. In this connection, exports fell more than 2 times. If, in 2011. it amounted to 2.5 million barrels per day in 2013. He dropped to a level of 1.1 million barrels.
Earlier Iran is the second largest exporter of oil, but because of the sanctions he dropped to fifth. Experts expect that the lifting of restrictions indicators will return to previous levels, and with the current consumption it can threaten the fall of oil prices to $ 20 per barrel. The market has already reacted to the news about the prospects for the lifting of sanctions – oil fell by 4% immediately after their publication.
4 April 2015
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