The Takeaway: Iran deal may come too late to stave off energy crisis in Europe

Analysis

Andrew Parasiliti , Elizabeth Hagedorn

Aug 17, 2022

Iran oil — The Liberian-flagged oil tanker Ice Energy (L) transfers crude oil from the Russian-flagged oil tanker Lana (R) off the shore of Karystos, on the Island of Evia, on May 29, 2022. Greece will send Iranian oil from a seized Russian-flagged tanker to the United States at the request of the US judiciary, Greek port police said Wednesday, a decision that angered Tehran. — ANGELOS TZORTZINIS/AFP via Getty Images

Leading the news: Iran deal appears closer, but trade and investment flows will take time

Timing is everything…

It’s not done until it’s done, but political analysts and oil-market experts believe a return to the Iran nuclear deal is closer than ever, with US and European officials reviewing Iran’s latest proposal.

If — or when — an agreement is reached, and the US ends sanctions imposed in 2018 when US President Donald Trump withdrew from the Joint Comprehensive Plan of Action (JCPOA), Iran again will be open for business in the energy, shipping, metals, automotive, insurance and other sectors.

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The Takeaway: Iran deal may come too late to stave off energy crisis in Europe

Turkey’s mysterious foreign currency; Israel and Russia; Islamic Jihad says Tel Aviv reneges on truce; Palestinian activists claim social media crackdown; Iraq’s Coordination Framework.

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