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    AzerNews: What Awaits Russian Supplies to Europe if Iran Joins Race

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Summary

AzerNews looks at the potential for Iranian gas supply to muscle out Russian supply to Europe once the Middle Eastern country's economic sanctions are lifted

by: Erica Mills

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AzerNews: What Awaits Russian Supplies to Europe if Iran Joins Race

Senior politicians from all around the world assessed a framework agreement on Iran's nuclear program as an important political and diplomatic milestone; but the deal is broader in scope than many ever anticipated.

The deal brings to the agenda a number of disputes, the first of which is its effect on energy market.

The agreement between Iran and the group known as P5+1 -- the U.S., U.K., Russia, China, France and Germany -- announced on April 2 in Lausanne doesn’t commit either side to action and is merely an outline agreement which will need to be fleshed out over the next three months.

The agreement stipulates the removal of economic sanctions that have crippled the Islamic Republic’s economy, and this eventually will bring the Persian Gulf nation closer to the European gas market.

Read the full article HERE.

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