Iran has been trying to claw back its market share since international sanctions were lifted in January and regaining a major buyer such as Shell will further aid its cause.

Tehran’s re-entry to the oil market has heightened tensions with arch-rival Saudi Arabia and attempts by OPEC to concoct a strategy to boost oil prices have been scuppered as a result.

Read More: http://www.reuters.com/article/us-iran-shell-idUSKCN0YU1LL


 

 

Claw back   /ˈklɔːbak/ V

to get something again that you had lost such as power, especially gradually and with difficulty


 

Market share   /ʃɛː/

   the portion of a market controlled by a particular company or product.

   “a leading Internet service provider with a 15 per cent market share”


 

Regain   /rɪˈɡeɪn/   v

to take or get possession of something again:

regain a level/presence/share

“ABM is struggling to regain its market share. “

“The company needs to regain control of its finances.”


 

Cause   /kɔːz/   V

an aim, idea, or organization that you support or work for, for example in politics

“she devoted her whole adult life to the cause of deaf people”

“Campaigners hope that people will be sympathetic to their cause.”


 

Re-entry

a situation in which someone returns to something such as a place or activity

The action or process of re-entering something:

“programmes designed to prepare you for re-entry to the profession”


 

Heighten   /ˈhaɪ.t̬ən/   V

to increase or make something increase, especially an emotion or effect:

“The strong police presence only heightened the tension among the crowd.”


 

Arch-rival   /ˌɑː(r)tʃˈraɪv(ə)l/   N

the main person, company etc that you compete with in sport, business etc

“The two supermarket chains are archrivals.”


 

Concoct   /kənˈkɒkt/   V

to invent or develop (a plan, story, etc.) especially in order to trick or deceive someone

“his cronies concocted a simple plan”


 

Scupper   /ˈskʌp.ɚ/ V

to cause something such as a plan or an opportunity to fail:

“Arriving late for the interview scuppered my chances of getting the job.”


 

As a result

in the end