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Oil

Oil industry faces more uncertainty and risk as US reevaluates Iran deal

Natural Gas (European) | Oil | Crude Oil | Metals | Steel

Market Movers Europe, May 20–24: Iran tensions affect oil; Turkish steel gets a boost

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Listen: Oil industry faces more uncertainty and risk as US reevaluates Iran deal

The fate of the Iran deal has essentially been punted to the US Congress, so what is likely to happen (and not happen) as lawmakers evaluate a situation that could have impacts for global oil markets?

Senior oil editors Brian Scheid and Meghan Gordon speak with John Hughes, former head of the State Department's Iran sanctions team during the Obama administration. He explains how challenging it was to get multinational oil companies to go along with the accord in the first place, what Congressional action is likely and the consequences if the deal totally breaks down.

See excerpts of the conversation with Hughes in this story.


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