Iran Nuclear Deal Reached

[Looch City]

Iran nuclear talks: 'Historic' agreement struck
http://www.bbc.com/news/world-middle-east-33518524

US President Barack Obama said that with the deal, "every pathway to a nuclear weapon is cut off" for Iran.

His Iranian counterpart, Hassan Rouhani, said it opened a "new chapter" in Iran's relations with the world.

Mr Obama, who is trying to persuade a sceptical US Congress of the benefits, said it would oblige Iran to:

- remove two-thirds of installed centrifuges and store them under international supervision
- get rid of 98% of its enriched uranium
- accept that sanctions would be rapidly restored if the deal was violated
permanently give the International Atomic Energy Agency (IAEA) access "where necessary when necessary"

Sanctions relief would be gradual, Mr Obama said, with an arms embargo remaining in place for five years and an embargo on missiles for eight years.

Separately, the IAEA and Iran said they had signed a roadmap to resolve outstanding issues.

And then on the other side...

http://www.cnn.com/2015/07/14/politi...eal/index.html

"From the initial reports we can already conclude that this agreement is a historic mistake for the world," Netanyahu said Tuesday. "Far-reaching concessions have been made in all areas that were supposed to prevent Iran from obtaining nuclear weapons capability."

So with all this news, will stock markets rebound or crash again as Iranian oil re-enters the market? Nonetheless, this is a step forward towards stabilizing the Middle East region.

[Reaper]

Netanyahu is the politcal equivalent of a cat. Nice when it is getting its own way but if you disappoint it you find poop in your shoes.

[FlameOn]

I'm happy with the move towards moderation with Iran but still a bit concerned with recent statements that Iranian hardliners are making about the existence of Israel. Hopefully the current government can stop those as well.

In any case, the non-sanctioned Iranian oil on the markets are going to keep the supply glut going for awhile. Not great news from a local Albertan economic perspective.

[burn_this_city]

This news sucks for the local economy, oil will likely remain depressed for the rest of 2015 and into 2016. Hopefully it takes longer than anticipated to get their production back up to previous levels.

[Thor]

Iran's liberal population and youth are thrilled today, you can better believe this is exactly what the doctor ordered if we want them to move further away from their theocratic government.

[Ducay]

Dislike this for oil price impacts alone. Everything else about it is great for the world and is a fabulous outcome, but I'm more in favor of all-out war in the middle east if it means $70+ oil here.

[blankall]

Originally Posted by Thor

Iran's liberal population and youth are thrilled today, you can better believe this is exactly what the doctor ordered if we want them to move further away from their theocratic government.

Not necessarily. All oil profits go directly to that hardliner government, and it's their main source of funding and power.

[Caged Great]

Excellent deal. If there is any funny business then the sanctions go back in place. Gives Iran the opportunity to re-enter the world and act civilized. Perhaps they could even become an ally in the fight against Isis.

[burn_this_city]

Sounds like the sanctions on oil remain until December. This means the gradual reintroduction of Iran's oil might not inflate the supply glut.

http://business.financialpost.com/ne...ll-worsen-glut

[nik-]

Originally Posted by Caged Great

Excellent deal. If there is any funny business then the sanctions go back in place. Gives Iran the opportunity to re-enter the world and act civilized. Perhaps they could even become an ally in the fight against Isis.

They're already fighting ISIS. I think both sides will be content to leave the situation where it is, without adding any "official" ally status to their work over there.

I would suspect that Saudi Arabia's response to this will likely be in line with Israel's. It will be interesting to see what they do.

[Street Pharmacist]

Originally Posted by burn_this_city

Sounds like the sanctions on oil remain until December. This means the gradual reintroduction of Iran's oil might not inflate the supply glut.

http://business.financialpost.com/ne...ll-worsen-glut

As this deal had been in the works forever, wouldn't it be priced in?

[Thor]

Originally Posted by blankall

Not necessarily. All oil profits go directly to that hardliner government, and it's their main source of funding and power.

Its more about the isolation vs opening Iran up again, sure it will take time but there is a real underlying desire to move away from hardliners among the massively young population.

[peter12]

An excellent article on Iran by the great correspondent, Peter Hitchens.

Iran: Past the Paranoia

[OMG!WTF!]

Originally Posted by Iggy City

So with all this news, will stock markets rebound or crash again as Iranian oil re-enters the market?

Looks pretty positive for the market in general. Oil is up, XLE is up a lot. In particular, it seems like tanker stocks, oil storage and transportation stocks really like the deal. I suspect wti has been priced accordingly for a while.

Sanctions in Cuba lasted 50 years. I think Iran should have a bit more time in the penalty box but we'll see.

[nik-]

Originally Posted by OMG!WTF!

Looks pretty positive for the market in general. Oil is up, XLE is up a lot. In particular, it seems like tanker stocks, oil storage and transportation stocks really like the deal. I suspect wti has been priced accordingly for a while.

Sanctions in Cuba lasted 50 years. I think Iran should have a bit more time in the penalty box but we'll see.

But the sanctions on Cuba were laughably misguided and formed by a long expired group of Cold Warriors. They lasted a good 20 years too long.

[burn_this_city]

Originally Posted by Street Pharmacist

As this deal had been in the works forever, wouldn't it be priced in?

Somewhat, but no one was sure what the details were.

[blankall]

Originally Posted by Thor

Its more about the isolation vs opening Iran up again, sure it will take time but there is a real underlying desire to move away from hardliners among the massively young population.

I don't disagree with you that there are people opposed to the regime. I'm just not sure that providing the regime with large amounts of financial support "opens Iran up". It's not North Korea. People have access to the internet. You can freely fly in and out of Iran. The issue is a theocratic government that has total control over the country.

Overall, I think this move will be pretty inconsequential to any kind of political change in Iran.

[Huntingwhale]

Originally Posted by burn_this_city

This news sucks for the local economy, oil will likely remain depressed for the rest of 2015 and into 2016. Hopefully it takes longer than anticipated to get their production back up to previous levels.

Too bad, we'll have to suck it up. Iran has almost 80 million people. More then double Canada's. Why should our quality of life have a higher value then theirs? They've lived with those sanctions and it's affected their ability to live their lives to the fullest. The last thing people should be worried about is how much less profit we're going to make. Iranian citizens don't deserve to live in isolation because a few politicians can't get along with other.

Sorry didn't mean to pick it on you. But it GMG when the first thing people think when something like this happens is that ''Oh no oil will be low, less money in my own pockets'' instead of celebrating a momentous achievement like this and what a positive influence it will have on the lives of 80 million people. Not to mention that even the slightest improvement to stability in the Middle East is good for the entire planet.

Some things are more important then money. This is one of those things.

[White Out 403]

Fox News: World ends, USA capitulates to Iran.

[Looch City]

Originally Posted by Resurrection

Fox News: World ends, USA capitulates to Iran.

Well you're not too far off...


LEFT BEHIND: Fate of Americans jailed in Iran not part of nuke deal

CRITICS OF IRANIAN NUKE DEAL slam Obama administration for not making the release of [...] part of the controversial nuclear deal, with one critic calling the omission 'unconscionable.'

http://www.foxnews.com/world/2015/07...art-nuke-deal/