Reuters offers insight on Iran scrambling to lift petrochemical sales as sanctions hammer oil

Reuters offered insight into how Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales. However, it now risks losing that crucial revenue as Washington tightens the screw on sanctions. The scramble to bolster petrochemical sales could be an indication of how successful the U.S. administration of Donald Trump has been in choking off Iran’s oil revenues, which have fallen further than under previous sanctions in 2012.