Ripe oil market offers window to amp up pressure on Iran - report

WASHINGTON (Reuters) - Global oil market conditions are ripe for the West to further pressure Iran over its nuclear program, but the window will likely close next year as fuel demand is expected to rise in Asia, a report to be released on Wednesday said.

For most of the past decade, a tight oil market limited the ability of Western countries to use sanctions to dampen the nuclear ambitions of Iran, one of the world's top crude producers, said the report by the nonpartisan Securing America's Future Energy and Roubini Global Economics.