Saturday, July 11, 2015

Analyst: Ending Iran Sanctions Could Push Down Oil Prices

Iran’s economy has been hammered by a series of sanctions that have pushed it into recession, slashed the value of its currency, sparked soaring inflation, and hurt its oil sector. If and when Iran works out a deal with the United States and other nations to limit its nuclear program, some of those sanctions will end. One economic expert said the end of sanctions could bolster growth in some of Iran’s neighbors and push global oil prices down further. Peterson Institute for...

via Economy - Voice of America http://ift.tt/1LXBmIM

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