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Iran nuclear deal 'will hit oil price'
The Iran nuclear deal could have an immediate impact on the price of oil, according to industry analysts. Dominic Boker-Ingram, of Charlemagne Capital, told the 大象传媒 that a relaxation of sanctions on Tehran means that Iran's oil reserves could be sold quickly on international markets - and that its daily production of oil could double to more than 2m barrels within 18 months.
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