Iran Oil Minister Rejects Export Limit From Nuclear Deal

Iran will export crude oil at the maximum level possible, regardless of restrictions imposed in an interim deal that offered the country some relief from sanctions over its nuclear program, Oil Minister Bijan Zanganeh said.

Iran shipped about 1.37 million barrels a day of crude on average during the first three months of the year, according to data from the International Energy Agency. Under an interim accord aimed at curbing the country’s nuclear program in return for easing some sanctions, Iran should limit exports to an average of 1 million barrels a day in the six months through July, the U.S. said in November.