Iran

As was triumphantly announced over the weekend by both parties (making one wonder who actually benefited), after years of U.S. sanctions, Iran is now free to export as much of its oil as it wants after the International Atomic Energy Agency said the country had curbed its ability to develop a nuclear weapon leads to lifting of international sanctions. And while the end of sanctions also opens the door to foreign investors into country’s oil sector, most importantly it allows the country to flood the world with its oil.

Iran’s deputy oil minister has announced that the countries oil market will be taken back from Saudi Arabia following the removal of international sanctions on Iran.  Amir Hossein Zamaninia said that the removal of sanctions has allowed Iran “the possibility to export 500 thousand barrels of crude oil.” Mehrnews.com reports: Zamaninia emphasized that the country’s production and exports capacity of oil will reach one million barrels per day within a few months; “during the sanction years, Iran lost a portion of its oil market with countries like Saudi Arabia conquering the Iranian oil marke

by Ron Paul

This has been the most dramatic week in US/Iranian relations since 1979.

Marco Rubio’s response to the string of diplomatic successes with Iran is as foolish as one would expect:

By channeling this money to Tehran and giving the mullahs international legitimacy, the Obama administration is fueling the greatest growth in Iranian power since the Islamic Republic was established in 1979. What’s worse, for months Iran has telegraphed in word and deed how it plans to utilize this newfound power—namely, to dominate the Middle East and threaten American security.

U.S.-Iran diplomacy produced another good result over the weekend as four Americans detained in Iran were released as part of a prisoner exchange:

The negotiation over the prisoners began on the sideline of the nuclear talks, intensified after the deal was completed last April and heated up even further in recent months, senior administration officials told CNN.