Iran To Raise Oil Exports If Biden Relaxes Crippling Sanctions According To State Media

Reuters: Iran prepares to raise oil exports if sanctions eased: state media (Reuters) - Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday, ahead of a possible easing of U.S. sanctions after President-elect Joe Biden takes office. 

They quoted President Hassan Rouhani as saying that Iran exported more than two million barrels a day before U.S. President Donald Trump exited the 2015 nuclear deal with six powers in 2018 and reimposed sanctions that have hit Iran’s economy hard by sharply cutting its vital oil exports. 

Read more .... 

Update #1: Iran will reportedly hike oil production if Biden eases sanctions Trump imposed -- NYPost Update #2: Iran to raise oil exports if sanctions are eased: state media -- CGTN 

WNU Editor: India is ready to buy .... India looks to resume Iran, Venezuela oil imports under Biden (Reuters).

from War News Updates https://ift.tt/37HIr0u