Investors are preparing for more share price volatility after a disastrous start to the year, as Middle East markets plunged 7% on news sanctions against Iran would finally be lifted after 36 years.
The falls came after the UN International Atomic Energy Agency said on Saturday night that Iran has met its obligations under the nuclear deal, paving the way for a lifting of global sanctions. This added to concerns about the impact on the region of further drops in oil prices, as The Islamic Republic has pledged to return its oil production to pre-sanction levels of above three million barrels a day, the Telegraph reports. Brent crude had already fallen 3.3% to $29.43 on Friday, to lows not seen since 2004, on fears of an increase in supply. Middle East markets were badly hit in ...
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