This bodes well (or badly, depending on your position) for energy prices

Iran sanctions to extent to oil and gas industries…

From the Guardian, as part of a new Middle-East peace initiative

  • Key to bringing Israel on board is a promise by the US to adopt a much tougher line with Iran over its alleged nuclear weapons programme. The US, along with Britain and France, is planning to push the United Nations security council to expand sanctions to include Iran’s oil and gas industry, a move that could cripple its economy.