International Business Times quotes Global Energy Center Nonresident Senior Fellow Brenda Shaffer on the inopportune timing of Iran’s reentry into the oil market:

“It’s the most inopportune time for Iran to re-enter the oil market,” said Brenda Shaffer, an energy expert at the Atlantic Council, a Washington-based think tank. “Iran is in a real catch-22, because they’re going to want to export as much oil as possible the second sanctions are removed, but the more they export, the more prices are going to go down.”

Read the full article here.

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