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US-Iran Relations Are Thawing. It Could Lower Oil Prices. - Barron's

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US-Iran Relations Are Thawing. It Could Lower Oil Prices. | Barron's

US-Iran Relations Are Thawing. It Could Lower Oil Prices.

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Relations between the U.S. and Iran appear to be thawing, with the U.S. swapping prisoners and agreeing to allow $6 billion in oil revenue to be released to Iran. It may help put a...

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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