Iran’s Oil Production And Exports Surged In August

Iran’s oil production and exports likely soared in August to the highest since the U.S. sanctions were imposed in 2018, ship-tracking data and analysts have told Reuters. Iran has been raising its crude and condensate production for months and has increased shipments of its oil, mainly to China, while the U.S. and Iran are said to be negotiating over the possible release of five Iranian Americans being held in Tehran and unfreezing of billions of dollars in frozen Iranian assets. Some analysts have attributed Iran’s higher oil sales…