Highlights Easing OPEC+ quotas squeeze Iran’s market share Iran’s oil hopes rest on stalled nuclear deal talks New Iranian president will be inaugurated Aug. 5 Iranian President-elect Ebrahim Raisi takes office Aug. 5 with no time to lose if the country is to reclaim its standing in the global oil market. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now More than six weeks have passed since nuclear deal negotiations were suspended in mid-June. Further delay in obtaining sanctions relief will find Tehran facing an increasingly competitive oil market, with OPEC , Russia and several other allies now planning to ramp up crude production by 400,000 b/d every month through the end of 2022. If Iran can clinch an agreement with the US to relax sanctions restricting its oil sales, it may have to bargain hard with its previous buyers or entice new customers […]