‘Very, Very Close’: Iran Deal Expected Within Days

Hopes of the Iran nuclear deal being finalized over the past week were not realized, but with just a few matters left to work out, officials are saying the deal is “very, very close,” and considering it likely this week.

The big issues are seemingly worked out, with Iran holding out a “red line” for economic relief under the deal to actually pan out, a key matter since in the original deal the US never delivered on promised trade.

While everyone seemed to be souring on the deal recently, the surging price of oil seems to be reversing US sentiment, with getting Iranian oil back on the market seen as an easy source of price relief.

This might be promising for sanctions relief, because the oil trade is something important to the US now too. That makes it likely, at least in the near term, that the US would allow the oil trade to go through as promised.