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Iran, World Powers Sign Historic Nuclear Deal -

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Jul, 14th 07:32
European Union foreign policy chief Mogherini and Foreign Ministers meet in Palais Coburg, the venue for nuclear talks, in Vienna

Iran and six major world powers have reached a nuclear deal after more than a decade of on-off negotiation, granting Tehran sanctions relief in exchange for curbs on its nuclear program, Iranian diplomats said on Tuesday.

The agreement aims to limit Iran’s nuclear work for more than a decade in exchange for the gradual suspension of sanctions that have slashed Iran’s oil exports and crippled its economy.

What impact this development may have on the oil price? Share your views in comments!

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