The Market Thinks There Will Be A Sanctions-Easing Deal With Iran

Prospects of reviving the Iran nuclear deal have swung dramatically, from near certain in March 2022 to almost nil by the end of the year and somewhere in the middle currently. Although prospects of a deal being signed any time soon appear dim, relations between Washington and Tehran have warmed up considerably, with the Biden administration unblocking frozen assets and possibly even allowing Iran’s enrichment of uranium.  The U.S. administration might not admit it openly, but it has looked the other way and allowed Iran oil sales to…