OPEC and IRAN's Nuclear Program This was a very interesting read this morning. I quote:
Although some geopolitical concerns like the Russia-Ukraine issue, have calmed down, it would be silly to believe that things in the Middle East won't flare up again as they often do. Aside from the OPEC meeting, there is another big negotiation coming up on November 24. This is the deadline for Iran and the West to have a completed agreement on the nuclear program. I really doubt that this is going to go well. I believe the most likely outcome is for Iran to try to delay this matter once again, and that might work with a weak U.S. administration, but stalling might not work for Israel. A Nomura analyst recently warned that this could cause oil prices to spike in a CNBC article that called Iran a "time bomb" for oil prices and stated:
"If Iran walks away from the negotiation table over the proliferation of nuclear weapons technology in the country, markets could easily be spooked over the region's stability and that could affect the price ofBrent, which has tumbled since June, Nomura's senior political analyst Alastair Newton said in a note Thursday.
"Iran could bring politics very much to the fore again in determining the price of Brent crude before year-end," Newton warned."
Seeking Alpha: IRAN's nuclear probram and OPEC in late November