Russia To Help Iran Reboot Oil Industry

Now that Iran appears on the verge of resuming prodigious oil production, it’s becoming clear that it plans to do so by forming ever-closer ties with Russia, one of six world powers that persuaded it to restrict its nuclear program in exchange for the removal of Western sanctions. Relations with the United States, though, remain strained.

The nuclear deal certainly does not mean that Iran is on good terms with the U.S., recently, Iran imprisoned at least three men with ties to the United States. Its supreme leader, Ayatollah Ali Khameini, while approving the agreement that is expected to lift the sanctions, has stressed that the sanctions agreement doesn’t mean his country is ready to strike any big business deals with American companies, which might open the door to more liberal influences in a religiously conservative state. Continue reading