

The deal just agreed, however, will remove such sanctions, meaning that Iran will re-emerge and try to claw back those losses of the past decade. Iran currently has over 30 million barrels of oil in offshore reserves that the removal of sanctions will enable it to soon sell. This flooding of global markets with Iranian oil is highly likely to lead to falling oil prices (the effects of which you can read about here).
However, analysts warn that this initial sale of current stocks will not provide a sustainable, consistent flow of revenue for the near future. "It might take years for Iran to get production in its crippled oil fields back to pre-sanctions levels," says Brad Plumer of Vox. "The country does possess vast crude reserves- but that doesnt mean its all coming online tomorrow".
Nevertheless, due to the increase in supply of oil in the global market it will provoke, this deal will push down global oil prices. This means lower inflation is likely, as transport becomes cheaper and impacts the prices of goods ranging from food to furniture. Of course, this is a scenario in which there are no major global catastrophes in the coming years (fingers crossed).
Its not just oil that will re-enter many markets of the world from Iran, though. For years we have been deprived of many of the nations finest exports- their rugs, caviar and pistachios to name but a few.
![]() |
Iranian rugs are the most sought after in the world. |
However, businesses in America can seek to profit from the return of Persian rug imports. They have been blocked from purchasing the valuable Persian rugs since 2010, and consequently many have had to rely upon the far less lucrative second hand trade. Being able to import Persian rugs again would not only provide extra business opportunities, but it would also update the current rug market that is a couple of years behind. "Im excited about the variety of quality and the character of carpets that will come out of there that we havent seen for a long time," says Arash Yaraghi, CEO of NYC-based rugs and furniture outlet Safavieh.
![]() |
Peugeot has historically seen great success in Iran, though its operations were knocked back by the sanctions of the past decade. |
Analysts are pretty much in consensus over the fact that Iran will not recover fully from the sanctions overnight- however, over the next decade or two we can certainly expect Iran to become an even greater economic power on both the Middle Eastern and global stages. Iran has arguably performed relatively well in the past decade when the barrage of sanctions forced upon it are taken into account: now it is unshackled, perhaps Alan Kohler of the Business Spectator is right: "The world just got another emerging economy".
0 komentar:
Posting Komentar