International sanctions ended on Iran

[Oberon]

http://www.bbc.co.uk/news/world-middle-east-35335078

No doubt many here will see this as a bad move, however we may feel the benefit at the petrol pump as even more oil is unloaded onto an already fairly saturated market, pushing prices lower.

[Stealhead]

I wonder what effect it will have on the typical Iranian?

[Oberon]

Originally Posted by Stealhead

I wonder what effect it will have on the typical Iranian?

Right now, none I'd wager, except perhaps it might be easier to obtain some stuff abroad, and in the long term I doubt it will have that much effect either because the first thing that Iran is going to be doing with their new money is upgrading and overhauling their military so they are better able to fight Saudi Arabia, as well as funnelling money to anti-Sunni terror networks.
After that, their economy might start to pick up, perhaps when the oil prices finally spike back up like people expect that they will eventually, that's if the sanctions aren't reapplied by someone before then.

[Stealhead]

Yeah those ****e(aka Shia) milita in Iraq will probably get more aid and in Yemen. Which means that ISIS will get more money from its supporters and the proxy war will rage on.

[Betonov]

Our morons and fat cats sent a trade delegation to Iran a month prior.
Let's see if anything comes out of it.

[kraznyi_oktjabr]

Originally Posted by Oberon

After that, their economy might start to pick up, perhaps when the oil prices finally spike back up like people expect that they will eventually, that's if the sanctions aren't reapplied by someone before then.

Primary reason to very low oil prices is that Saudi Arabia is dumping it into market in volumes and at low prices. At my understanding there is two reasons for this: a) to keep Iranian oil revenues low and b) to inhibit develompent of U.S. oil industry. Saudis ofcourse suffer themselves too and as result of lower oil revenue their budget deficit is huge. However they have opted to solve issue by cutting spending rather than curbing oil production so I wouldn't expect any oil price spikes in many years.

[Platapus]

That's the nice thing about sanctions. They can always be brought back if necessary.

Let's give Iran a chance and see.

[STEED]

Only time will tell if this is a good move or a bad move.

[Jimbuna]

Originally Posted by Platapus

That's the nice thing about sanctions. They can always be brought back if necessary.

Let's give Iran a chance and see.

I agree....and that is a lot more tolerant than what is currently coming out of Israel.