YD ,
good points and many Iranians may not wish to accept an output cap. However, level heads will hopefully prevail along the following lines.
Iran are the final cog in a worldwide opportunity to re-balance the oil market.
Iran craves its newfound autonomy and influence, but Iran will not get everything it's own way.
If Iran is forced to compromise, then at least it can compromise on volume opportunity for price opportunity. Revenues for the people will increase if they do .
Since coming in from the cold of the sanctions, Iran needs to win friends in the international community and everyone is watching how they react to this issue.
The spotlight is on , negotiate hard, demand what you need, but ultimately make some compromise to strike a deal.
The powerful nations will remember, at least for a while.
FT
Oil Freeze Failed, page-5
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