Iran continued its public horse-trading on Monday over the terms for a new nuclear deal that could restart non-sanctioned oil trading and shift the VLCC market to a more stable footing.

A reset of the mothballed 2015 Barack Obama-era deal could mean 800,000 more crude barrels per day (bpd) entering global markets within a few months, in return for Iran allowing greater scrutiny of its nuclear programme, according to analysts.