Reuters revealed that Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May’s expected levels under U.S. sanctions, as a condition for staying in an international nuclear deal. The U.S. reimposed sanctions in November on exports of Iranian oil after U.S. President Donald Trump last spring unilaterally pulled out of the 2015 accord between Iran and six world powers to curb Tehran’s nuclear program.
Reuters reveals Iran insists on ramping up oil sales to stay in nuclear pact
13 May 2019, 12:00 am 1 minute
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa