Iran Prepares to Raise Oil Output as Biden Presidency Nears
- Islamic Republic wants to hike production within three months
- Nation’s exports have plunged since Trump tightened sanctions
Oil storage drums aboard an offshore oil platform in the Persian Gulf, Iran.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
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Iran is preparing to raise oil production in a sign the Islamic Republic expects the U.S. to ease some sanctions under a Joe Biden presidency.