The price of oil may fall to $25 per barrel after the lifting of sanctions against Iran, says analyst

Almaty. June 18. Silkroadnews - The price of oil could fall from the current $64 per barrel to $25 after the lifting of sanctions on the purchase of Iranian oil. This opinion was expressed by the director of Wimpole International Sam Barden, reports Trend.
According S.Barden, Iran really could save oil reserves during the years of sanctions.
According to the expert, if the sanctions will be removed, Iran will certainly regain market share to sell oil, which is now available in its stock.
Iranian Oil Minister Bijan Namdar Zanganeh said earlier that the country could supply more than half a million barrels of oil a day to the markets a month after the lifting of sanctions, and this volume could reach one million barrels per day within six months.
Meanwhile, Reuters previously published information that Iran has accumulated from 38 million to 45 million barrels of oil in tankers, for export after the sanctions against Iran will be eliminated.
The European Union has suspended the purchase of oil from Iran since mid-2012.