JCPOA has no influence on oil market; political expert tells ILNA
Political economy analyst told ILNA that the extension or violation of JCPOA won't have any effect on oil prices.
Regarding the influence that, US president's approach in acceptance or pushing back JCPOA, might have on Iran’s oil market, "Ali Asghar Zargar", political economy expert told ILNA that despite Trump’s annoying campaigns' promises at the time of election, so far he has modified his views about trade relations.
"Such issues are apart from nuclear and ballistic missiles issues, as such it seems that he would keep his buisness personality" he stressed.
Calling JCPOA an international deal and not restricted to US, he emphasized that this is a fact that has been reaffirmed by Europeans and the deal has been able to abolish many international resolutions against the country.
Zargar also pointed out that oil is dependent on factors outside JCPOA and highlighted that violating the deal won’t affect Iran’s oil market and its prices.
The political economy analyst, predicted that in the short run, in year 2017, the oil prices will not witness any raise in this period.
"The oil price would remain stable and will stay at 50-55 dollars ranges. Since the prices have been stabilized and the balance between supply and demand have been formed, therefore, despite crises in the Middle East, in the coming 6 months there would be stability in the prices" he underlined.
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