Iran and six world powers reached a deal early on Sunday to curb Tehran’s nuclear programme in exchange for limited sanctions relief. U.S. and European Union sanctions that prevent energy companies from investing in Iran, and have slashed Tehran’s oil exports from 2.5 million barrels per day (bpd) to around 1 million bpd, remain in place.
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Iran question on policing sales
Irans nuclear deal with the West is not intended to let more of its oil into the market, the White House said, but an easing of the ban on European shipping insurance may help smooth crude exports to its big Asian customers.
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