Iran’s nuclear deal: a balancing game

The bottom line for business and politics resulting from the breakthrough deal forged by Iran and six of the most powerful countries in the world, just before most markets closed for Good Friday, is a double-edged sword that can cut both ways.

For business, the near-term ramifications fall right smack at the core of economies: prices. That’s because the deal, once made final next June, will eventually lift the economic sanctions that had been imposed on Iran, allowing the Islamic country to once again sell its black gold on the global markets. Iran was the fifth largest oil producer before the sanctions over its uranium enrichment program curtailed its oil exports.