Oil markets shouldn't worry about Iran's comeback

Don’t expect a sudden surge in oil on the world market now that Iran and six world powers have agreed on a deal to limit Tehran’s nuclear program and lift years of crippling sanctions. Bijan Namdar Zanganeh, Iran’s oil minister, said during the OPEC meeting in Vienna on June 5 that his country will move quickly to restore its status as a major oil exporter once the deal is signed, beginning with an export increase of 400,000 barrels per day and adding 600,000 more barrels per day within si...