Falling oil prices may strengthen U.S. hand in talks with Iran

The United States has been in protracted negotiations with Iran over a settlement that would reduce or eliminate economic sanctions against Iran, in exchange for that country delaying its nuclear program.

With oil prices falling — one expert notes that Iran needs a price of $140 per barrel to balance its national budget — the U.S. position could be strengthened. But as this excellent story by Thomas Erdbrink of The New York Times shows, Iran isn’t likely to give away everything, even if it halts the nationwide economic pain.

“They will remain focused on getting a deal, but not any deal,” said Ali Khorram, a former Iranian ambassador to China who is close to the negotiating team.

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