Top Stories
Top Stories
Market Insider

Iran deal would face tough battle in Congress

An oil tanker is seen off the port of Bandar Abbas, southern Iran.
Atta Kenare | AFP | Getty Images

Any Iran nuclear deal is going to face a tough, and possibly lengthy, battle in Washington that could delay the arrival of Iranian crude onto the market.

Iran was reportedly close to a deal Monday that could end its nuclear program and remove the economic sanctions against the country. The U.S. and five other nations have been in tense negotiations with Iran for months, and diplomatic sources were quoted as saying an agreement could be announced Tuesday.

"For anyone that thinks that Iranian oil will be on the market by the end of the year, it's not a sure thing, because of Congress," said Greg Valliere, chief political strategist at Potomac Research.