Oil prices could fall further if Iran nuclear deal is reached

Posted on AllSides March 24th, 2015
From The Left

Two of the biggest news stories of 2015 have been the fall in global oil prices and the ongoing negotiations between Iran, the United States, and others around Iran's nuclear weapons research. And because Iran relies so heavily on oil exports to earn income, the two stories are deeply interlinked.

On the one hand, the decline in the world oil price has made life harder for Iran. On the other hand, relaxing the sanctions against Iran could drive down global oil prices even further — a boon to most of...

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