A few days ago, The USA and the European Union lifted sanctions from Iran after the report of Tehran on development only of "peaceful atom". Economists assume that this can affect and change the global market.

Coming back Iran to the oil market, first of all, will affect the cost of oil. The government of Iran had already declared that they are going to expand export of oil to 500 000 barrel per day.

According to the analysts of Financial Times, prices of oil can fall even below despite the current falling of cost.

Moreover, the statement for 500 thousand barrels per day might not be a limit. Officials in Tehran declared earlier that within the next 2-3 years export can increase to one million barrels.

As Bloomberg reported, income from oil exports makes up 25 percent of Iran’s revenue in the year starting March 21, according to a draft budget submitted to parliament on Sunday. That compares with about 70 percent in Saudi Arabia.

The majority of the countries in the world positively estimated lifting of sanctions from Iran. Representatives of the countries including Russia noted that in this way the region will be safer.

But Israel doesn't agree. As reported in Jerusalem, even after signing the agreement on "peace" atom, Tehran will keep the ambitions in the development of the nuclear weapon, according to the France Presse.

Photo: www.businessinsider.com