Tuesday 27 August 2019

#Iran could restore oil output to pre-sanctions level within three days: minister - Reuters

Iran could restore oil output to pre-sanctions level within three days: minister - Reuters:

Iran would need three days to lift its oil production back to the level it was at before U.S. sanctions were imposed, the semi-official Mehr news agency quoted Iranian Oil Minister Bijan Zanganeh as saying on Tuesday.

“Three days are needed to return production to the levels before the reduction,” Zanganeh said, according to the report.

U.S. President Donald Trump withdrew from world powers’ landmark 2015 nuclear deal with Iran last year and reimposed sanctions in an effort to curb the Islamic Republic’s ballistic missile program and support for regional proxies.

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