When Iranians vote to elect a new president on May 19, traders and Mideast observers will be watching, but it is unlikely that Tehran, or the United States and the European Union for that matter, will renege on the Iranian nuclear deal and that the election outcome will have a significant impact on world oil prices.

“I don’t think it’s in the best interest of the Iranians to try to cheat and I don’t think it’s in the best of the US and Europeans to renege on the sanctions,” Fadel Gheit, a sen...

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