Four rounds of indirect talks between the US and Iran have so far failed to achieve a breakthrough in negotiations to revive the nuclear deal, but rival producers and traders have been eyeing how the competitive landscape may shift if sanctions are lifted on Iranian oil sales. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Most experts expect an agreement on the Joint Comprehensive Plan of Action to be reached within months, if not weeks, which could eventually bring some 2 million b/d of Iranian oil back to the market. Much of Iran’s production is of heavier grades and condensate, and a relaxation of the sanctions will put pressure on the likes of neighboring Saudi Arabia, Iraq and Oman, and even Texas frackers. Refineries worldwide, meanwhile, will likely cheer the extra availability of Iranian crude. The refining hubs of Asia — China, India, […]