Iran's return to global oil markets will be slow amid jostling for investors

London

IRAN's full return to world oil markets will be hindered by strong competition for foreign investment dollars from rival producers including Iraq, Mexico and Brazil, among others.

In a world of surplus supply, prices hovering around US$50 a barrel and deep cuts to capital expenditures by oil companies, Iran will be challenged to find investors should it finalise a nuclear agreement that leads to a lifting of sanctions.