USA Today quotes Global Energy Center Nonresident Senior Fellow Sara Vakhshouri on the international implications, especially regarding the oil market, of the Iran nuclear deal:
Iran is poised to add a half million barrels a day to the saturated world oil supply by mid-2016, once the sanctions relief goes into effect, said Sara Vakhshouri, a senior energy fellow at the Atlantic Council think tank in Washington.
Positive news on Iran’s nuclear agreement with world powers “could have a psychological downward impact on the global oil prices,” Vakhshouri said. “This could happen even before Iran increases its export volumes.”