RE:RE:RE:Nuclear Deal with IranI don't read the article as saying it will "block any deal" just one that does not involve a clear path to believing that Iran will not develop nuclear bomb capabilities. I am a long time follower of the on again off again dealings with Iran over this issue for a number of personal reasons. The conditions (inflation, unemployment etc) are indeed dire in Iran and they are affecting one of the main players in the Iranian decision making. the Republican Guard, which owns a good deal of Iranian businesses.. The fact that Iran has even taken the most recent dipomatic steps to communicate with the US is indeed significant. So does that guarantee that a deal will be reached? No, but I do believe that there is at least a 50/50 chance that there will be a deal done. In the process you will hear much opposition from Iranian and American hardliners and, of course, Israel which will always provide uncertainty to any final deal being completed until it actually is done.
The next round of negotiations starting on Nov 20 should be very interesting and significant. I don't know if we should expect a major breakthrough but if there is even small movement on both sides (and it must come from both sides) then hope remains that something positive will happen despite the howls from Israel (which I don't blame them for as they have nothing to lose from being vocal).
Should a deal eventually be done and the world is allowed to freely purchase Iranian oil can't help but think that Brent crude prices will drop materially (say $10 or more).