Iran’s Oil Exports not Expected to Increase Significantly Despite Recent Negotiations

U.S. ENERGY INFORMATION ADMINISTRATION

The U.S. Energy Information Administration (EIA) does not anticipate an immediate impact on global liquid fuels supply following the November 24 agreement between Iran and the five permanent members of the United Nations Security Council (the United States, United Kingdom, France, Russia, and China) plus Germany (P5+1) on Iran's nuclear program. The agreement does not directly allow for additional Iranian oil sales, although it does suspend sanctions on associated insurance and transportation services to those countries already granted import waivers.

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