GOLDMAN: The Iran deal won't impact the oil market until 2016 (USO, OIL)

The nuclear deal reached between Iran and the P5+1 could weaken oil prices, but not just yet. In a note to clients on Wednesday, Goldman Sachs analysts predicted that the lifting of sanctions on Iran will be bearish for oil, though the effects won’t be seen until 2016. The deal still has more steps to go through, including officially passing through the UN Security Council and US Congress. "The timeline of the various steps required to reach such sanction relief suggests that Iranian oil flow...