A deal for Iran to curb its nuclear program in return for sanctions relief is set to take effect on January 20.
Harry Tchilinguirian, head of commodity markets strategy at BNP Paribas, says the oil market is in a "Catch-22" situation as it has "no directional conviction."
Abhishek Deshpande, oil and gas analyst at Natixis, says it is unclear how much oil Iran will bring to the market when the sanctions are lifted.
Egypt's outlawed Muslim Brotherhood party is increasingly isolated and "in a corner," the country's interim Prime Minister said.
CNBC's Michelle Caruso-Cabrera looks ahead to potential international flash points that could affect the global economy in 2014.
Amid the first thaw in relations between Iran and the United States in decades, powerful oil companies are opting for an unusual tactic: silence.
Political drama will surround 2014 Olympics, India adjusts easily to increase in US interest rates, and businesses are back in Iran.
Majid Jafar, CEO of Crescent Petroleum, discusses Iranian oil exports and highlights how, over the past couple years, oil prices have remained stable despite "political turmoil."
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
Richard Mallinson, geopolitical analyst at Energy Aspects, and Peter Hutton, energy analyst at RBC Capital Markets, debate whether Iran could increase oil production as soon as sanctions are lifted next year.
Bijan Namdar Zangeneh, Iranian oil minister, explains that in the event of Iranian production coming back on stream, OPEC will be able to maintain capacity and oil prices levels.
OPEC oil ministers are widely expected to hold oil output to nearly 30 million barrels daily after Iran announced it will increase its oil output, reports CNBC's Steve Sedgwick.
Bijan Namdar Zangeneh, Iranian oil minister, explains to CNBC that Iran plans to produce four million barrels of oil a day "immediately" after sanctions are lifted.
Bill Farren-Price, CEO of Petroleum Policy Intelligence, explains that it would take "at least a year" for Iranian oil production to come back on stream after the second phase of negotiations are agreed.
Johannes Benigni, managing director of JBC Energy, says that it is unlikely Iran will break its oil production limit.
Gareth Lewis-Davies, senior oil strategist at BNP Paribas, discusses whether OPEC will cut its 2014 oil supply, and what the arrival of Iranian oil on the market would mean for other producers.
Traders are looking ahead to Wednesday's OPEC meeting, where Iran could grab the attention. CNBC's Sri Jegarajah gives you a preview of what to expect.
Iran says it wants stronger cooperation with Saudi Arabia. "This is a modest loosening of the sanctions," explains Former U.S. Sen. Bob Kerrey (D).
Israel's relationship with the U.S. is a "strategic asset," Israel's finance minister said, as he sought to tone disputes over Iran's nuclear deal.
Yair Lapid, Israel's finance minister, downplays the dispute between the U.S. and Israel over the Iran nuclear deal saying that it's "okay to have disputes within the family".