Supplies of five petrochemical commodities will spike after removal of Iran sanctions
In July, United Nations Security Council (UNSC) endorsed a deal to end years of economic sanctions on Iran in return for curbs on its nuclear programme. Sanctions are unlikely to be removed until next year, as the deal requires approval by the U.S. Congress. The re-entry of Iran into the world energy scene will impact the market for petrochemical derivatives more than Crude Oil.
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