Saturday, January 16, 2016

Iran sanctions lifted: Brace for oil shakeup and other top stories.

  • Iran sanctions lifted: Brace for oil shakeup

    Iran sanctions lifted: Brace for oil shakeup
    LONDON (CNNMoney) -The end of economic sanctions against Iran could shake up oil markets.U.S. and European Union sanctions on Tehran were finally lifted on Saturday, restoring Iran's access to world's markets. Iran has been gearing up toward this moment for months and could soon return to the top ranks of global oil producers.Crude prices have been tanking for months, dropping to below $30 a barrel. A flood of new oil from Iran will likely push them even lower very soon."Iran is able quickly to ..
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