Oil sector could become early test of US-Iran accord, minister says

Iran's oil industry will serve as a major test of any future agreement between Tehran and Washington, Iranian oil minister Mohsen Paknejad has said.

According to the ministry's Shana news outlet, Paknejad said that the sector would demonstrate whether western countries remain committed to the spirit of a final peace agreement, should one be reached.

Paknejad said Iran's oil industry could offer significant investment opportunities to the global economy in a post-agreement environment.

He added that the country has hundreds of investment projects and technical and operational partnership agreements ready to be signed, suggesting that the energy sector could become a key area of cooperation if diplomatic progress continues.