RE:Some details on Iran nuclear dealSounds about right. If the deal actually goes through this time, the new supply will more or less take the place of the SPR. Also with OPEC probably calibrating production accordingly, supply should be range bound for a couple of years. Barring any major outages, that leaves demand as the main driver of oil markets.
Now if only something could be done about NG supply.
1234bmth wrote: If an agreement is reached which may take weeks, the deal should be presented to the US congress within 5 days and it will take about 30 days to be approved or rejected by US congress. If approved the deal will be fulfilled in 4 steps which takes 165 days, this means even with a deal no New Iran's oil will be in the market by November or December, and by then SPR release is over.