The US-Iran Deal and the Outcome

The interim deal was signed by seven foreign ministers of US, UK , France, Russia, China, Germany and Iran but the deal was not negotiated mainly in Geneva, but in Muscat and other locations where the US and Iran met secretly for months. Essentially, it is a deal between US and Iran and the rest were there to serve a choreographic purpose.

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Will Turkey be the new hub for gas?

Turkey’s natural gas reserves are 218 bcf and its production is roughly 27 bcf. It relies heavily on imports to meet its domestic demand. Additionally, Turkey positions itself as a gas transit hub – importing from Russia, Azerbaijan, Turkmenistan and Iran and re-exporting some of it to Europe.

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