Iran Oil Exports To Rise In 2015 Despite Nuclear ‘No-Deal’

Iran expects its oil exports to rise over the coming months, despite US and EU plans to keep sanctions on its oil sales after Iranian negotiators in Vienna failed to strike a comprehensive deal with their counterparts from six world powers over its nuclear enrichment program.

Negotiators from Iran and the five permanent members of the UN Security Council plus Germany agreed on 24 November to extend negotiations for up to seven extra months. Talks have already lasted a year.

“Real and substantial progress” has been made in both sides’ pursuit of a deal with neither side prepared to walk away, US Secretary of State John Kerry said following the extension announcement. “We have earned the benefit of the doubt,” he told reporters. (CONTINUED - 1029 WORDS)