Iran has reached a historic agreement with major world powers - Britain, China, France, Germany, Russia and the United States, aimed at ensuring Iran does not obtain a nuclear bomb by imposing strict limits on Iran’s nuclear activities for at least a decade, as per afp.com. This paves the way for the removal of sanctions and the gradual return of Iranian oil to the global market next year. In return, sanctions on Iran's oil exports will be lifted and billions of dollars in frozen assets unblocked. This could create fresh tensions within OPEC but may reinforce the cartel’s output strategy, analysts say.
20-Jul-15 
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