Oil - Iran hands over nuclear info - potential milestone in sanctions relief conditions

Iran has given the International Atomic Energy Agency (IAEA) information regarding information on its past nuclear activities

Reuters says this is a "milestone in potentially meeting a condition for sanctions relief" under lst month's accord
"Iran today provided the IAEA with its explanation in writing and related documents as agreed in the road-map for the clarification of past and present outstanding issues regarding Iran's nuclear program" the IAEA said on Saturday

Full sanctions relief can proceed once the IAEA says Iran has complied with all requests

The closer we get to a full agreement on Iran the more potential there is for oil price pressure as the potential for more supply increases.

In other Iran news over the weekend: