Speaking to Bloomberg Television in Davos, Total CEO Christophe De Margerie says that he and other oil CEOs met with Iranian President Hassan Rouhani during the World Economic Forum’s and the mood was one of expectation that the embargo would be lifted.
Trade embargoes placed against Iran have stopped oil companies processing Iranian crude oil and dampened Iranian exports, hurting the country’s economy.
Some officials have expressed optimism in recent weeks, but there is still a significant chance that we will fail to get a deal.
Almost thirty years later, things haven’t changed much.
Let’s have a look at the fashions before the revolution.
At best, therefore, a final deal will still require the international community to remain forever laser-focused on Iran to quickly detect and respond to any cheating.
At worst, it could quickly unravel and the Iranian nuclear clock would resume its countdown.