How good Iranian nuclear deal as US flags burn in Tehran?

Iranians are marking anniversary of US embassy takeover back in 1979 by burning US flags and President Barrack Obama effigies in streets of Tehran. Thousands have gathered and marching the street shouting familiar slogans - "death to America", "down with America".

According to the people, US embassy, which was overrun by students and protesters 36 years ago, said that they would never support opening of US embassy in Tehran since they are not embassies but spying agencies.

This year Iran has secured a nuclear deal with westerners including US and Russia, which is aimed at preventing Iran from acquiring nuclear bomb in return for lifting of sanctions.

Iran is seeking to return to oil market big time and increase production, which has declined more than 50% since 2011, after tougher sanctions were imposed.

However, such demonstration in Iran is likely to pose doubts over its willingness and intention to keep the bargain of the nuclear deals and the bill aimed at removing sanctions might face tough challenge in US senate and House of Representatives.

Though President Obama indicated that he might veto the bill, such demonstration might anger American public and make things difficult for him.

Nevertheless, it is more likely that Iran nuclear deal to be approved and Iran to return to market by 2016 with 500,000 barrels production rise.

If not, oil bears should prepare for large hit. Brent is currently trading at $50.7/barrel.