Economics
Iran Can Add Million Barrels a Day of Oil If Sanctions Halt
How U.S.-Iran Talks Are Impacting Oil Markets
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Iran could raise oil exports by 1 million barrels a day without international sanctions, its oil minister said as talks resumed with the U.S. over the nation’s nuclear program.
“If sanctions are lifted, we can raise our exports by one million barrels per day within a few months,” Oil Minister Bijan Namdar Zanganeh said Monday in Assaluyeh, Iran. The Persian Gulf nation shipped 1.2 million barrels a day last month, the International Energy Agency said in a March 13 report.