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The Iran deal marks the end of the Oil Age

The nuclear deal will stimulate global economic growth

The Shah opens facilities of the International Naval Oil Company of Iran in 1970

The deal to end sanctions against Iran is an event of great importance. What is less widely recognised is that its effect on the world economy may turn out to be even more powerful than its geopolitical impact. While it is possible to speculate about Iran’s re-emergence as the dominant power in the Middle East and how this could affect the conflict between…

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