The UN International Atomic Agency has stated that Iran has met its obligations under the nuclear deal, which will now allow for global sanctions to be removed.
It is likely that, as a result, Iran will increase the production of oil, which is likely to have an adverse impact on prices as this will add to the oversupply issues. Brent crude prices fell to their lowest since 2003 in response.
Middle East markets came under pressure with Saudi Arabia’s main all share index falling to its lowest level in five years. Conversely, the Iranian stock market has risen strongly this year.
We are not recommending investing specifically into Iran but it is worth bearing in mind that, with many sanctions lifted, there could well be some tremendous opportunities. An exposure via a fund which specialises in the region may well be worthy of consideration for those with the appropriate attitude to risk.