MOSCOW (Sputnik) – The deadline for the final comprehensive agreement with Tehran is set for June 30, 2015. When the deal comes into force, some sanctions imposed on Tehran's energy and banking sectors would be called off.
“Markets’ concerns over the disruption of deliveries from Iraq and Syria have eased. This is due to a possible relief of economic sanctions imposed against Iran, which testifies to US and EU attempt to find alternative sources of oil and gas bypassing Russia.”
According to the European Commission, the European Union imports about one third of its energy from Russia. Russia’s state-owned energy company Gazprom is the world's largest natural gas producer, accounting for up to 14 percent of the world's natural gas production.
Oil prices more than halved during the last six months of 2014 amid oversupply in the market.