US-Iran nuclear talks enter ‘make-or-break’ month as 1.7 mil b/d hangs in balance

S&P Global Platts | Sep 8, 2021 at 7:29 PM
  • The Biden administration appears to be increasing the urgency for reviving the Iran nuclear deal after talks have languished for months and as 1.7 million b/d in oil supply expected by end-2022 hangs in the balance.
  • S&P Global Platts Analytics still expects the US and Iran to reach a new nuclear deal by October or November, allowing the Biden administration to remove sanctions on Tehran’s oil, shipping, petrochemical and other sectors.
  • Analyst Stephen Brennock of PVM Associates does not expect a breakthrough before the end of the year, despite Iran’s determination to steadily ramp up production in anticipation of an unrestricted return to the oil markets.