Iran could flood the market with millions of barrels of oil if Joe Biden becomes president, one of Wall Street's top analysts says
prices as he is likely to take a softer stance on Iran and lift sanctions paving the way for millions of barrels of Iranian crude to return to the market, one of Wall Street's top commodity analysts said.
"If you have Joe Biden as president he could basically take the US back into the [Iranian] Nuclear deal and you could see a million plus Iranian barrels hit the market. These are the kind of things I think will be very important into the trajectory of oil into 2021," she added. The Iranian Nuclear Deal was agreed under the tenure of former US President Barack Obama in 2015 between Iran, US, UK, France, China, Russia and Germany.
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