How Will Iran’s Return To Oil Markets Impact Prices?

The United States and Iran are in the final stages of agreeing on a new nuclear deal that could see the return of Iranian crude on international markets, which some analysts say would result in downward pressure on oil prices–an eventuality Saudi Arabia is trying to avoid. Still, other analysts suggest that the return of Iran to oil markets could be completely irrelevant for prices.  Earlier this month, Saudi Arabia’s energy minister Abdulaziz bin Salman hinted that OPEC+ could decide to reverse its production growth strategy in…