Could Iran Deal be Bad News for North Sea?

A landmark deal has been signed with Iran - but it could be disastrous for the North Sea.

The country's agreed to limit their nuclear programme - in exchange for sanctions being lifted.

Iran has the fourth largest oil reserves in the world.

Professor of Petroleum Accounting at Robert Gordon University has warned Northsound News that the deal could be catastrophic for our own oil sector.

He think prices could fall as low as $30 a barrel if Iran floods the global market with oil.