Iran and six world powers have begun a final meeting in Vienna Tuesday to ratify a historic agreement on Iran’s nuclear program that will lead to the removal of sanctions and increased flows of Iranian oil onto world markets. Oil prices slipped slightly on the news that a deal had been reached, with both Brent and WTI futures trading down around 2% at $56.75/b and $51.17/b, respectively, at 0920 GMT. Speaking before the final session, Iranian Foreign Minister Mohammad Javad Zarif said the agreement, details of which have yet to be released formally, was “not perfect for anyone” but marked the beginning of a new chapter. “I believe this is a historic moment,” Zarif told a short press briefing in the Austrian capital. “Today could have been the end of hope on this issue but now we are starting a new chapter of hope.” Article continues below… Platts Global […]