Global Economic Prospects 2015

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Global Weekly: Potential impact of Iran nuclear agreement on energy markets

Global Macroeconomics Team's picture

An international agreement on the Islamic Republic of Iran’s nuclear program was reached in July and is expected to be implemented in the first half of 2016. Sanctions will be lifted at that time and terminated in 2023. The impact of Iranian exports on global oil and natural gas markets could be large over the longer term provided that Iran attracts the necessary foreign investment and technology it needs to extract its substantial resources.

World Bank published latest commodity prices: December 2015

John Baffes's picture
In November 2015, energy prices declined by 7.6%, and the prices of non-energy commodities dropped by 2.6%. Food prices slipped by 1.8%. Beverages rose by 0.8%. Raw materials declined slightly by 0.9%, and fertilizers remained steady. Metals and minerals decreased by 7%, and precious metals decreased by 6.7%.
To access recent and long-term historical prices and other commodity-related information, please click here.