I have a pretty busy day today, but keep an eye out for what is happening in Lausanne in the negotiations between the world’s powers and Iran. Apparently, there are high probabilities that a deal may be reached.
If an agreement is reached, even a faulty one, Iran may be allowed to increase its presence in world oil markets. The extent of the agreement may also have repercussions on the unfolding (non-)scandal involving the dangerous liaisons between Iran and Venezuela.
Venezuelans may be too busy navel-gazing to realize it, but what happens in Lausanne today may have important consequences for us.