The Iran factor in oil’s search for a bottom level | GulfNews.com:
"In physics, momentum is the product of a body’s mass and its velocity or its impetus resulting from its motion. A system can gain or lose momentum only if its mass or velocity changes.
The same thing applies to politics. The European negotiations with Iran gained momentum in 2013 when the permanent members of the Security Council joined the negotiations, and had to end with some result because politicians hate to go home with nothing in their bags.
So much is now written about the deal between the P5+1 and Iran and it remains to be seen how its application will evolve. The road may be bumpy, but let us assume here that all goes well and see what the implications for the oil markets are."
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