Norbert
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Norbert in Energy,

How cheap oil will hurt Iran's comeback

Western companies eye Iran's business potential

Iran may be about to emerge from decades of economic isolation -- at an absolutely terrible time for an oil-producing country.

Years of painful economic sanctions by the West have ravaged Iran's economy, sending unemployment and inflation soaring.


Now there's a glimmer of hope for Iran. The historic nuclear deal with the U.S. and its allies paves the way for sanctions relief. If the agreement is ratified, Iran will be able to export oil to Western nations and generate badly-needed revenue.

http://money.cnn.com/2015/08/20/investing/low-oil-prices-ira...