Even before the Joint Comprehensive Plan of Action (JCPOA) ‘nuclear deal’ was agreed in 2015 between Iran and the P5+1 (U.S., U.K., France, China, Russia plus Germany), the issue of Iran testing and developing its missile technology was a crucial matter of contention. Now, though, with Iran’s economy near a critical point as shown by new economic data – exclusively obtained by OilPrice.com – sources close to the government in Tehran say that Iran may be willing to agree first the first time ever to tough new rules on the country’s missile program. This would mean a much earlier re-entry of the U.S. into a new iteration of the nuclear deal, the corollary lifting of sanctions on Iran, and a flood of new oil from Iran into the official global oil market, which would add further downwards pressure on prices in an already oversupplied market. The key economic problem […]