Iran Oil Return Seen No Closer as Obama Seeks Creative Approach
The return of embargoed Iranian crude oil to global markets looks no more imminent after President Barack Obama appeared to leave open the possibility of lifting most sanctions from the outset if a nuclear deal can be reached, BNP Paribas SA and UBS AG said. Obama said April 17 that “creative negotiations” are needed if a deal with Iran is to be reached over its nuclear program. He’s considering “how we snap back sanctions” if the Persian Gulf country violates its side of any accord, he said. Obama hasn’t changed his position and was only ...
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