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Iran deal a mixed economic win for Russia: analysts

Prospective gains may be overshadowed by Iran's return to global energy market, which could drive down oil prices

Published Sun, Jul 19, 2015 · 09:50 PM

Moscow

THE landmark deal on Iran's nuclear programme that Russia helped steer through marathon talks is a diplomatic fillip for Moscow which will boost trade with Teheran but could also hit much-needed energy revenues, analysts say.

Iran and the P5+1 group - Russia, the United States, China, Britain, France and Germany - struck an agreement on Tuesday that would progressively lift economic sanctions against Teheran in exchange for limitations on its nuclear programme.

As an Iranian ally, Moscow appears to have been central in securing the deal and experts say it could help burnish Russia's international image, that has taken a beating over the crisis in Ukraine.

US President Barack Obama pointedly praised his counterpart Vladimir Putin for his help - a rare hint of goodwill between the two men locked in a standoff over Russia's med…

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