The One Issue Holding A New Iran Nuclear Deal Back
G7 leaders have been discussing the prospect of reviving the Iran nuclear talks, a French presidency official said last week and, given continuing high oil prices and an enduring tight supply profile, talk has turned again to the potential for new barrels to start coming into the global oil market from Iran. After all, the argument runs, there was a deal in place – the Joint Comprehensive Plan of Action (JCPOA, or colloquially ‘the nuclear deal’) – that functioned from when it was implemented in January 2016 to when the…