Archive for the ‘Iran’ Category

The iron fist of Iran’s next president – Arab News

Irans presidential election will be held in less than two weeks and Ebrahim Raisi, the head of the countrys judiciary, appears to be the top contender. This raises the question: Who exactly is he?

Born in 1960 in the city of Mashhad, Ebrahim Rais Al-Sadati attended a Shiite seminary in his home town during the era of Mohammed Reza Shah. He later moved to Qoms seminary. As an ambitious teenager amid the 1979 Islamic revolution in Iran, Raisi began cooperating with Ayatollah Khomeinis political party. He seized the opportunity and proved his loyalty to the revolutionary ideals of Khomeini, the founding father of the Islamic Republic.

By showing that he would not hesitate to suppress those who oppose the Islamic Republic or pose a threat to its survival, Raisi was appointed a judge in the Karaj Prosecutors Office at the age of just 19, even though he had no formal university education. A year later, he was appointed as prosecutor for Karaj, the fourth-largest city in Iran. In addition, he was also appointed as the prosecutor for Hamadan Province in the west of the country, holding both positions at the same time.

From Khomeinis viewpoint, Raisi was successful at proving his loyalty as a prosecutor in the first few years after the revolution. He reportedly silenced many dissidents and oppositional groups. Raisi later wielded even more power and would directly communicate with Khomeini.

At age 24, Raisi was appointed deputy of the Revolutionary Courts prosecutors office, where he would be known for and implicated in one of the worlds largest mass executions, as a member of the Death Commission. More than 30,000 people were executed, including children and pregnant women, during the 1988 purge. A 2016 US draft resolution stated: Over a four-month period in 1988, the Government of the Islamic Republic of Iran carried out the barbaric mass executions of thousands of political prisoners and many unrelated political groups According to a report by the Iran Human Rights Documentation Center, the massacre was carried out pursuant to a fatwa, or religious decree, issued by then-Supreme Leader Ayatollah Khomeini.

The late Hussein-Ali Montazeri one of the founding fathers of the Islamic Republic, a human rights activist, Islamic theologian and the designated successor to Khomeini until the very last moments of the latters life said of the massacre: I believe this is the greatest crime committed in the Islamic Republic since the (1979) revolution and history will condemn us for it History will write you down as criminals.

From Khomeinis viewpoint, Raisi was successful at proving his loyalty as a prosecutor in the first few years after the revolution.

Dr. Majid Rafizadeh

Montazeri pleaded with Raisi and his colleagues to stop the executions. In his memoirs, he stated: It was first of (the Islamic month of) Muharram; I asked Mr. Nayyeri, Mr. Eshraqi, Mr. Raisi and Mr. Pourmohammadi and said, Now is Muharram. At least stop the executions in Muharram. Mr. Nayyeri told me: We have so far executed 750 in Tehran and separated 200 as those persevering on their position. Let us finish them and then, whatever you say, we shall do it.

After a decade of successfully cracking down on the opposition, obeying Khomeinis orders, facilitating executions, and consolidating the power of the Islamic Republic, Raisi further proved his loyalty to the regime and climbed the political ladder through a series of promotions and appointments by the supreme leader. He was appointed to positions including the prosecutor of Tehran, chairman of the National Television Supervisory Council, head of the General Inspection Office, and attorney general.

When the so-called moderate President Hassan Rouhani assumed office, he was aware of Raisis deep connections to the regime and the supreme leader. Raisi was subsequently made the head of the Astan Quds Razavi foundation, which has billions of dollars in revenues and is exempt from paying taxes. Under Rouhanis presidency, other members of the Death Commission have been promoted, including Mostafa Pourmohammadi, the former representative of the Intelligence Ministry to the notorious Evin Prison, who was made justice minister.

Finally, Supreme Leader Ali Khamenei in 2019 appointed Raisi as the head of the regimes judicial system. After his appointment, Raisi said out in a speech to the 23rd national assembly of Islamic Revolutionary Guard Corps commanders and officials: We will not cut the fingers of those who are corrupt; we will cut off their entire hand.

The US Treasury Department placed Raisi on its sanctions list in November 2019.

In a nutshell, having never held elected office, Raisi has made his way to the top through his use of an iron fist.

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point-of-view

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Iran’s largest warship catches fire, sinks in Gulf of Oman

TEHRAN, Iran (AP) The largest warship in the Iranian navy caught fire and later sank Wednesday in the Gulf of Oman under unclear circumstances, the latest calamity to strike one of the countrys vessels in recent years amid tensions with the West.

The blaze began around 2:25 a.m. and firefighters tried to contain it, the Fars news agency reported, but their efforts failed to save the 207-meter (679-foot) Kharg, which was used to resupply other ships in the fleet at sea and conduct training exercises. State media reported 400 sailors and trainee cadets on board fled the vessel, with 33 suffering injuries.

The ship sank near the Iranian port of Jask, some 1,270 kilometers (790 miles) southeast of Tehran on the Gulf of Oman near the Strait of Hormuz the narrow mouth of the Persian Gulf. Satellite photos from Planet Labs Inc. analyzed by The Associated Press showed the Kharg off Jask with no sign of a fire as late as 11 a.m. Tuesday.

Photos circulated on Iranian social media showed sailors wearing life jackets evacuating the vessel as a fire burned behind them. Fars published video of thick, black smoke rising from the ship early Wednesday morning. Satellites from the U.S. National Oceanic and Atmospheric Administration that track fires from space detected a blaze near Jask that started just before the time of the fire reported by Fars.

Iranian officials offered no cause for the fire aboard the Kharg, though they said an investigation had begun.

Meanwhile, a massive fire broke out Wednesday night at the oil refinery serving Irans capital, sending thick plumes of black smoke over Tehran. It wasnt immediately clear if there were injuries or what caused the blaze at the Tondgooyan Petrochemical Co., though temperatures in the capital reached nearly 40 degrees Celsius (104 degrees Fahrenheit) and hot summer weather in Iran has caused fires in the past.

The fire Wednesday aboard the Kharg warship follows a series of mysterious explosions that began in 2019 targeting commercial ships in the Gulf of Oman. The U.S. Navy accused Iran of targeting the ships with limpet mines, timed explosives typically attached by divers to a vessels hull.

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Iran denied that, though U.S. Navy footage showed Revolutionary Guard members removing one unexploded limpet mine from a ship. The attacks came amid heightened tensions between the U.S. and Iran after then-President Donald Trump unilaterally withdrew America from Tehrans nuclear deal with world powers. Negotiations on saving the accord continue in Vienna.

In April, an Iranian ship called the MV Saviz believed to be a Guard base and anchored for years in the Red Sea off Yemen was targeted in an attack suspected to have been carried out by Israel. It escalated a yearslong shadow war in the Mideast between the two countries, ranging from strikes in Syria, assaults on ships and attacks on Iran's nuclear program.

The Israeli prime ministers office did not respond to a request for comment Wednesday regarding the Kharg. Pentagon press secretary John Kirby said the U.S. was aware of the loss of the ship, but declined to comment further.

State TV and semiofficial news agencies on Wednesday referred to the Kharg, named after the island that serves as the main oil terminal for Iran, as a training ship. The vessel often hosted cadets from the Imam Khomeini Naval University on the Caspian Sea.

Like much of Iran's major military hardware, the Kharg dated back to before Iran's 1979 Islamic Revolution. The warship, built in Britain and launched in 1977, entered the Iranian navy in 1984 after lengthy negotiations. That aging military equipment has seen fatal accidents as recently as Tuesday, when a malfunction in the ejector seats of an Iranian F-5 dating back to before the revolution killed two pilots while the aircraft was parked in a hangar.

In recent months, the navy converted a slightly larger commercial tanker called the Makran to use it as a mobile launch platform for helicopters. The Kharg also could launch helicopters on a smaller scale.

But the newer vessel likely can't fill the role of the Kharg, which could handle both refueling and replenishing supplies of ships at sea, said Mike Connell of the Center for Naval Analysis, an Arlington, Virginia-based federally funded nonprofit that works for the U.S. government.

The Kharg also was seaworthy enough to sail through the Suez Canal into the Mediterranean Sea and into South Asia in the past and could lift heavy cargo.

For the regular Iranian navy, this vessel was very valuable because it gave them reach, Connell said. "That allowed them to conduct operations far afield. They do have other logistics vessels, but the Kharg was kind of the most capable and the largest.

The sinking of the Kharg marks the latest naval disaster for Iran. In 2020, during an Iranian military training exercise, a missile mistakenly struck a naval vessel near Jask, killing 19 sailors and wounding 15. Also in 2018, an Iranian navy destroyer sank in the Caspian Sea.

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Gambrell reported from Dubai, United Arab Emirates. Associated Press writers Joseph Krauss in Jerusalem and Robert Burns in Washington contributed to this report.

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Iran's largest warship catches fire, sinks in Gulf of Oman

Iran Rattled as Israel Repeatedly Strikes Key Targets – The …

BEIRUT, Lebanon In less than nine months, an assassin on a motorbike fatally shot an Al Qaeda commander given refuge in Tehran, Irans chief nuclear scientist was machine-gunned on a country road, and two separate, mysterious explosions rocked a key Iranian nuclear facility in the desert, striking the heart of the countrys efforts to enrich uranium.

The steady drumbeat of attacks, which intelligence officials said were carried out by Israel, highlighted the seeming ease with which Israeli intelligence was able to reach deep inside Irans borders and repeatedly strike its most heavily guarded targets, often with the help of turncoat Iranians.

The attacks, the latest wave in more than two decades of sabotage and assassinations, have exposed embarrassing security lapses and left Irans leaders looking over their shoulders as they pursue negotiations with the Biden administration aimed at restoring the 2015 nuclear agreement.

The recriminations have been caustic.

The head of Parliaments strategic center said Iran had turned into a haven for spies. The former commander of the Islamic Revolutionary Guards Corps called for an overhaul of the countrys security and intelligence apparatus. Lawmakers have demanded the resignation of top security and intelligence officials.

Most alarming for Iran, Iranian officials and analysts said, was that the attacks revealed that Israel had an effective network of collaborators inside Iran and that Irans intelligence services had failed to find them.

That the Israelis are effectively able to hit Iran inside in such a brazen way is hugely embarrassing and demonstrates a weakness that I think plays poorly inside Iran, said Sanam Vakil, deputy director of the Middle East and North Africa Program at Chatham House.

The attacks have also cast a cloud of paranoia over a country that now sees foreign plots in every mishap.

Over the weekend, Iranian state television flashed a photograph of a man said to be Reza Karimi, 43, and accused him of being the perpetrator of sabotage in an explosion at the Natanz nuclear enrichment plant last week. But it was unclear who he was, whether he had acted alone and if that was even his real name. In any case, he had fled the country before the blast, Irans Intelligence Ministry said.

On Monday, after the Iranian state news media reported that Brig. Gen. Mohammad Hosseinzadeh Hejazi, the deputy commander of the Quds Force, the foreign arm of the Revolutionary Guards, had died of heart disease, there were immediate suspicions of foul play.

General Hejazi had long been a target of Israeli espionage, and the son of another prominent Quds Force commander insisted on Twitter that Mr. Hejazis death was not cardiac-related.

A Revolutionary Guards spokesman failed to clear the air with a statement saying the general had died of the combined effects of extremely difficult assignments, a recent Covid-19 infection and exposure to chemical weapons during the Iran-Iraq war.

The general would have been the third high-ranking Iranian military official to be assassinated in the last 15 months. The United States killed Maj. Gen. Qassim Suleimani, the leader of the Quds Force, in January of last year. Israel assassinated Mohsen Fakhrizadeh, Irans chief nuclear scientist and a brigadier general in the Revolutionary Guards, in November.

Even if General Hejazi died of natural causes, the cumulative loss of three top generals was a significant blow.

The attacks represent an uptick in a long-running campaign by the intelligence services of Israel and the United States to subvert what they consider to be Irans threatening activities.

Chief among them are a nuclear program that Iran insists is peaceful, Irans investment in proxy militias across the Arab world, and its development of precision-guided missiles for Hezbollah, the militant movement in Lebanon.

An Israeli military intelligence document in 2019 said that General Hejazi was a leading figure in the last two, as the commander of the Lebanese corps of the Quds Force and the leader of the guided missile project. The Revolutionary Guards spokesman, Ramezan Sharif, said that Israel wanted to assassinate him.

Israel has been working to derail Irans nuclear program, which it considers a mortal threat, since it began. Israel is believed to have started assassinating key figures in the program in 2007, when a nuclear scientist at a uranium plant in Isfahan died in a mysterious gas leak.

In the years since, six other scientists and military officials said to be critical to Irans nuclear efforts have been assassinated. A seventh was wounded.

Another top Quds Force commander, Rostam Ghasemi, said recently that he had narrowly escaped an Israeli assassination attempt during a visit to Lebanon in March.

But assassination is just one tool in a campaign that operates on multiple levels and fronts.

In 2018, Israel carried out a daring nighttime raid to steal a half-ton of secret archives of Irans nuclear program from a warehouse in Tehran.

Israel has also reached around the world, tracking down equipment in other countries that is bound for Iran to destroy it, conceal transponders in its packaging or install explosive devices to be detonated after the gear has been installed inside of Iran, according to a former high-ranking American intelligence official.

A former Israeli intelligence operative said that to compromise such equipment, she and another officer would drive by the factory and stage a crisis, such as a car accident or a heart attack, and the woman would appeal to the guards for help. That would get her enough access to the facility to identify its security system so that another team could break in and disable it, she said, speaking on condition of anonymity to discuss covert operations.

In an interview on Iranian state television last week, Irans former nuclear chief revealed the origins of an explosion in the Natanz nuclear plant in July. The explosives had been sealed inside a heavy desk that had been placed in the plant months earlier, Fereydoon Abbasi-Davani, the former chief of Irans Atomic Energy Organization, said.

The explosion ripped through a factory producing a new generation of centrifuges, setting back Irans nuclear enrichment program by months, officials said.

The more recent explosion at the Natanz plant last week, he said, was the result of a very sophisticated operation in which the perpetrators were able to cut off power to the centrifuges from both the main electrical grid and the backup batteries simultaneously. The sudden power cut sent the centrifuges spinning out of control, destroying thousands of them.

Alireza Zakani, head of Parliaments research center, said Tuesday that in another case machinery from a nuclear site had been sent abroad for repair and was returned to Iran with 300 pounds of explosives packed inside.

In addition to setting back Irans uranium enrichment program, the attacks are likely to weaken Irans hand in indirect talks with the United States over restoring the 2015 nuclear agreement.

President Trump withdrew from the agreement, in which Iran accepted limits on its nuclear program in exchange for the lifting of sanctions, in 2018. President Biden has made restoring it one of his top foreign policy objectives.

Israel opposed the agreement, and the timing of its latest attack, while the nuclear talks were taking place in Vienna, suggested that Israel sought if not to derail the talks, to at least diminish Irans leverage.

The United States said it was not involved in the attack but has not publicly criticized it either.

It would have been difficult for Israel to carry out these operations without inside help from Iranians, and that may be what rankles Iran most.

Security officials in Iran have prosecuted several Iranian citizens over the past decade, charging them with complicity in Israeli sabotage and assassination operations. The penalty is execution.

But the infiltrations have also sullied the reputation of the intelligence wing of the Revolutionary Guards, which is responsible for guarding nuclear sites and scientists.

A former Guards commander demanded a cleansing of the intelligence service, and Irans vice president, Eshaq Jahangiri, said that the unit responsible for security at Natanz should be held accountable for its failures.

The deputy head of Parliament, Amir-Hossein Ghazizadeh Hashemi, told the Iranian news media on Monday that it was no longer enough to blame Israel and the United States for such attacks; Iran needed to clean its own house.

As a publication affiliated with the Guards, Mashregh News, put it last week: Why does the security of the nuclear facility act so irresponsibly that it gets hit twice from the same hole?

But the Revolutionary Guards answer only to Irans supreme leader, Ayatollah Ali Khamenei, and so far there has been no sign of a top-down reshuffling.

After each attack, Iran has struggled to respond, sometimes claiming to have identified those responsible only after they had left the country or saying that they remained at large. Iranian officials also insist that they have foiled other attacks.

Calls for retaliation grow louder after each attack. Conservatives have accused the government of President Hassan Rouhani of weakness or of subjugating the countrys security to the nuclear talks in hopes they will lead to relief from American sanctions.

Indeed, Iranian officials shifted to what they called strategic patience in the last year of the Trump administration, calculating that Israel sought to goad them into an open conflict that would eliminate the possibility of negotiations with a new Democratic administration.

Both Mr. Rouhani and Foreign Minister Mohammad Javad Zarif have said they would not allow the attacks to derail the negotiations because lifting sanctions was the priority.

In Vienna on Tuesday, senior diplomats said that progress was being made in the talks, however slowly. They agreed to set up a working group to study how to sequence the return of the United States to the deal by lifting all sanctions inconsistent with the accord, and the return of Iran to the enrichment limits set in the accord.

It is also possible that Irans response to the Israeli attacks has been muted less by patience than by failure.

Iran was blamed for a bomb that exploded near Israels embassy in New Delhi in January, and 15 militants linked to Iran were arrested last month in Ethiopia for plotting to attack Israeli, American and Emirati targets.

But any overt retaliation risks an overwhelming Israeli response.

They are not in a hurry to start a war, said Talal Atrissi, a political science professor at the Lebanese University in Beirut. Retaliation means war.

And if the repeated Israeli attacks had the effect of fomenting a national paranoia, an intelligence official said, that was a side benefit for Israel. The additional steps Iran has taken to scan buildings for surveillance devices and plumb employees backgrounds to root out potential spies has slowed down the enrichment work, the official said.

The conventional wisdom is that neither side wants full-scale war and is counting on the other not to escalate. But at the same time, the covert, regionwide shadow war between Israel and Iran has intensified with Israeli airstrikes on Iranian-backed militias in Syria and tit-for-tat attacks on ships.

But as Iran faces a struggling economy, rampant Covid-19 infections and other problems of poor governance, the pressure is on to reach a new agreement soon to remove economic sanctions, said Ms. Vakil of Chatham House.

These low-level, gray zone attacks reveal that the Islamic Republic urgently needs to get the J.C.P.O.A. back into a box to free up resources to address its other problems, she said, referring to the nuclear deal, formally called the Joint Comprehensive Plan of Action.

Eric Schmitt contributed reporting from Washington; Hwaida Saad from Beirut, Lebanon; and Steven Erlanger from Brussels.

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Fire And Explosion Hit Iran Steel Mill In Third Such Incident In Five Days – Iran International

Saturday evening a large fire and a strong explosion rocked an Iranian steel mill in Zarand, Kerman Province, in the third such incident in less than a week. Officials said that after hours of battling the fire they were able to extinguish it without loss of human life.

Local officials in Zarand reported late Saturday that a blaze and an explosion engulfed one of the furnaces. The director of Zarand Steel Mill said several people were injured but no was was killed.

Three days earlier, an explosion and a fire in a refinery ten miles south of the capital Tehran became a spectacle to 9 million residents as it burned for 20 hours. No evacuations took place, and the government did not mention possible health hazards. Reports said that 20 storage tanks where waste fuel was kept completely burned.

Another explosion followed by a fire sank Irans largest naval vessel in the Sea of Oman, near it shores, on June 2. The government has not issued any official report on the cause of any of the three incidents, as the Islamic Republic is gearing up to choose a president in 12 days.

In all three incidents suspicion of sabotage, evident in social-media speculation, was inevitable with continuing Israeli threats against the Islamic Republic, following a series of spectacular attacks against high-value targets since July 2020 that are widely believed to have been the work of Israeli intelligence.

Irans main uranium enrichment facility in Natanz experienced two catastrophic attacks in less than10 months, with explosions and fires destroying crucial enrichment machines and inflicting serious damage in July 2020 and April 2021.

An interesting twist in the Zarand incident is a report by a local media outlet that said personnel were evacuated as the possibility of an explosion was predicted hours earlier and no one was present where the fire broke out. While this cannot be verified, an official of the steel mill said the reason for the incident will be investigated once the fire is completely extinguished.

According to local sources the explosion was so strong that people in villages and surrounding regions of Zarand were jolted.

Despite the fact that several videos on social media show the fire and the explosion, Ali Sadeghzadeh, the governor of Zarand denied any explosion had taken place.

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Goldman says a nuclear deal with Iran could send oil prices higher. Not everyone agrees – CNBC

Official cars are seen outside Grand Hotel Wien after a session of meeting of the Joint Comprehensive Plan of Action (JCPOA) on "Iran nuclear deal talks" in Vienna, Austria on May 01, 2021.

Askin Kiyagan | Anadolu Agency | Getty Images

A nuclear deal between the U.S. and Iran could send energy prices higher even if it means more supply in the oil markets, according to Goldman Sachs' head of energy research.

While it appears to be contradictory, a deal that brings Iranian barrels back to the market could actually see oil prices rise, said Damien Courvalin, who is also a senior commodity strategist at the bank.

Talks in Vienna are ongoing as Iran and six world powers the U.S., China, Russia, France, U.K. and Germany try to salvage the 2015 landmark deal. Officials say there's been progress, but it remains unclear when negotiations could conclude and oil prices have been seesawing as a result.

A deal would lift sanctions on Iran and bring Tehran and Washington back to complying with the Joint Comprehensive Plan of Action (JCPOA). The U.S. unilaterally withdrew from the nuclear deal in 2018 and reimposed crippling sanctions on Iran which dealt a blow to the Islamic Republic's oil exports.

If that announcement comes in the next few weeks, in our view, it actually starts that bullish repricing.

Damien Courvalin

head of energy research, Goldman Sachs

Courvalin explained his rationale. He pointed to how oil prices rose in April after OPEC+ said they wouldgradually raise output from May by adding back 350,000 barrels a day.

"An increase in production is announced that is above anyone's expectations ours included. And yet prices rally, volatility comes down," he said.

"Why? Because we lifted an uncertainty that was weighing on the market since last year," he told CNBC's "Squawk Box Asia" last week.

Investors wondered if OPEC would end up in a price war when it tried to increase production, but the oil cartel presented a "convincing path going forward," Courvalin said.

"You could argue the same for Iran," he added. Simply knowing will likely "lift some of that uncertainty."

"If that announcement comes in the next few weeks, in our view, it actually starts that bullish repricing," he said at that time.

Other analysts say an agreement could mean lower prices for oil, at least in the short term.

Morgan Stanley said in a research note that an increase in Iranian exports will probably cap Brent crude at $70 per barrel, and expects the international benchmark to trade between $65 and $70 per barrel for the second half of 2021.

Brent crude was lower by 0.13% at $71.22 on Friday in Asia, while U.S. crude futures were down 0.1% at $68.75.

"Our view is that the initial reaction to a potential deal will be a brief sell-off," Tamas Varga, an analyst at PVM Oil Associates, told CNBC in an email.

Extra Iranian barrels would be a headwind if a deal materializes, according to Austin Pickle, investment strategy analyst at Wells Fargo Investment Institute.

But softer crude prices may only be temporary.

"We suspect accelerating demand and OPEC+'s disciplined supply response will support oil prices," Pickle wrote in a note, referring to OPEC and its allies.

PVM Oil Associates expects Brent prices to reach $80 per barrel by the fourth quarter of 2021, Varga said.

He also said it will take time before Iran starts to export oil again, and global demand could have improved significantly by the time additional barrels reach the market.

Extra Iranian barrels should only delay price recovery but not throw it off course.

Tamas Varga

analyst, PVM Oil Associates

While the global economic recovery has been uneven faster in the developed world, compared to the developing world oil prices will rise more quickly when vaccine rollouts accelerate in Asia, he added.

"Extra Iranian barrels should only delay price recovery but not throw it off course," Varga said.

S&P Global Platts Analytics has the view that there is room to accommodate Iranian and OPEC+ oil supply growth in the third quarter.

Toward year-end, however, energy prices could come under pressure as Iran exports and U.S. oil production increase, said Nareeka Ahir, a geopolitical analyst at S&P Global Platts. She said Brent could fall to the mid or low $60s in late 2021 into 2022.

Goldman Sachs sees Brent crude prices rising at a faster pace, and predicts the international benchmark could hit $80 by the third quarter of this year.

Courvalin noted that Asia's oil demand has been revised lower due to new waves of the virus, and that has been been offset by upside surprises in the U.S. and Europe.

"It really paints a picture where, once vaccination rates progress sufficiently, you really see pent-up mobility get unleashed, and a significant increase in oil demand," he said. "That's the root of the bullish view."

He said supply will likely lag the pop in demand, and there will be "plenty of room" to absorb oil from Iran.

"In fact, if you told me Iran's not coming back, our $80 dollar forecast is way too low relative to where the oil market is heading by 2022," he added.

Concerns over an Iran deal and the pandemic may have "masked a fast-tightening oil market," Courvalin said.

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Goldman says a nuclear deal with Iran could send oil prices higher. Not everyone agrees - CNBC