By INU Staff
INU -On Tuesday, new reports emerged regarding global oil prices and Iran’s potential near-term impact on them. In previous months, it became clear that those prices were not about to fully recover, since conflicts between Iran and Saudi Arabia were preventing multilateral agreement upon an output freeze arrangement. Oil prices recovered somewhat as a result of diminished output from the US and other non-OPEC oil producers. However, Reuters pointed out on Tuesday that current prices are still less than half of what they were in mid-2014.