Inside The Iran Deal That May Change Nothing — But Could Smash Oil Prices Anyway

AI Summary

The United States and Iran are reportedly nearing a deal that could end ongoing conflicts and significantly impact oil prices globally. Despite ongoing negotiations, sources suggest the deal might replicate the earlier JCPOA agreement without substantial changes.

After more than three months of fighting and stop-start negotiations, Washington and Tehran are now reportedly on the verge of a deal that would end the conflict. However, according to well-placed sources in Washington, Tehran, and London exclusively spoken to in the past few days by OilPrice.com, the sound and fury of the past few weeks may ultimately amount to a tale of sound and fury signifying nothing. “It’s pretty likely that we’ll [the U.S.] wind up with the same sort of deal we had in the JCPOA [Joint Comprehensive Plan…