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A revived Iran nuclear deal would tie OPEC’s hands

A revived Iran nuclear deal would quickly bring an additional 1mn bpd of crude oil production online, which would directly weigh on global oil prices. But the bigger impact would be to make it less likely that supply cuts from OPEC+ would be used to support prices over the next year.

In the view of the wider interest, we are also sending this Energy Update to clients of our Middle East Service.

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