Emergency OPEC meeting, page-41

I read Iran has breached their sanctions and the U.N are considering what this means, i.e Iran might not be able to export Oil. The embargo has not been lifted. bye bye discovery4 and $30 Oil, hello $60?

http://www.frontpagemag.com/fpm/261078/iran-breaches-nuclear-deal-dr-majid-rafizadeh

and

Iran's Oct 10 missile test violated U.N. ban: expert panel

UNITED NATIONS | BY LOUIS CHARBONNEAU


The medium-range Emad rocket that Iran tested on Oct. 10 was a ballistic missile capable of delivering a nuclear warhead, which makes it a violation of a United Nations Security Council resolution, a team of sanctions monitors said in a confidential new report.
The conclusion of the council's Panel of Experts on Iran will likely lead to calls for additional punitive measures against Tehran in Washington and some other Western capitals.
"On the basis of its analysis and findings the Panel concludes that Emad launch is a violation by Iran of paragraph 9 of Security Council resolution 1929," the panel said in its report.
Reuters on Tuesday reviewed the 10-page report, which was dated Dec. 11 and went to members of the Security Council's Iran sanctions committee in recent days. The report is expected to come up later on Tuesday when the 15-nation council discusses the Iran sanctions regime.
The report said the panel considers ballistic missiles capable of delivering nuclear weapons to be those that can deliver at least a 500 kg payload within a range of at least 300 km.
"The Panel assesses that the launch of the Emad has a range of not less than 1,000 km with a payload of at least 1,000 kg and that Emad was also a launch 'using ballistic missile technology'," the report said.
The report did not mention a second reported missile test that Iran carried out last month. The panel produced its report after the United States, Britain, France and Germany in October called on the U.N. sanctions committee to take action in response to Iran's test of an Emad missile.
Iran's U.N. mission did not respond immediately to a request for comment. In October Tehran disputed the Western assessment that the missile was capable of delivering a nuclear warhead.
"None of the Islamic Republic of Iran's missiles has been designed for a nuclear capability," Iranian Foreign Minister Mohammad Javad Zarif said at the time.
Security Council resolution 1929, which bans ballistic missile tests, was adopted in 2010 and remains valid until a July 14 nuclear deal between Iran and six world powers is implemented.
Under that deal, most sanctions on Iran will be lifted in exchange for curbs on its nuclear program. According to a July 20 resolution endorsing that deal, Iran is still "called upon" to refrain from work on ballistic missiles designed to deliver nuclear weapons for up to eight years.
The experts' report noted that ballistic missile launches would still be covered by the July 20 resolution.

(Reporting by Louis Charbonneau; Editing by Chizu Nomiyama and Meredith Mazzilli)