Auto to Oil Shipping Companies Poised to Gain in Iran Accord

French automakers PSA Peugeot Citroën and Renault SA and companies that transport Iranian oil are poised to benefit from the six-month accord to rein in Iran’s nuclear program while easing trade sanctions.

The deal struck yesterday in Geneva among Iran and six world powers, including the U.S. and its European Union partners, will relax restrictions on cars, petrochemicals, aviation parts, gold, and insurance for oil cargoes. In addition, it will let the Persian Gulf state continue exporting oil at current levels instead of forcing further reductions.