Iran Deal Uncertainty
The U.S. and Iran appear to be on the cusp of a historic deal which could end decades of animosities and ensure a nuclear weapons-free Iran. But with political forces mobilizing on Capitol Hill to torpedo the deal, and both sides pushing for last-minute concessions, the likelihood of a breakthrough remains unclear.
Does President Obama have enough political capital to ensure the sustainability of an eventual deal, and what are the broader geopolitical implications of the agreement? Oksana is joined by Trita Parsi, the President of the National American Iranian Council, to analyse these issues.
If the nuclear negotiations are stalled or significantly delayed, Iran will be unable to get sanctions relief allowing it to ramp up its oil exports in the coming months.
Markets have been concerned that a fresh oil supply from Iran could add to global oversupply and push down prices further.
A further fall in oil prices would result in a recession in US shale; it wouldn’t be cost-effective to invest in shale, that’s how the market self-regulates, Russian Finance Minister Anton Siluanov told RT on Thursday.