---
title: Iran Deal's Sanction Plan Could Affect Oil Prices
description: An Iranian nuclear deal could bring an influx of oil, but when and how sanctions are lifted could also affect prices.
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published: '2015-06-25T19:50:56.000Z'
modified: '2024-04-16T06:05:36.000Z'
section: Economy and Politics
tags:
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  - iranian nuclear deal
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![1280-Iran](https://img.money.com/2015/06/1280-iran.jpg)

The deadline for a nuclear deal is June 30, which could lead to the lifting of sanctions on Iran. Oil is believed to make up 80% of Iran's exports, and current sanctions have chopped those exports in half. Iran could potentially add another 800,000 barrels of oil a day to the market within six to nine months, according to Robin Mills, an energy strategist for Manaar Energy. Even though the potential for pumping oil in Iran is strong, deal makers are pushing for sanctions to be lifted gradually instead of immediately.

*Read next: [Gas Prices Have Probably Peaked for the Year](https://money.com/cheap-gas-prices/)*

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