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Iranian Oil Exports Soar as Sanctions Collapse
[FreeBeacon] Iranian oil exports soared in January, hitting new highs just months after the United States consented to billions of dollars in economic sanctions relief under the interim nuclear deal.Exports of Iranian crude oil jumped to 1.32 million barrels, up from December's high of 1.06 million barrels, according to data from the International Energy Agency. The spike in exports--mainly to Japan, China, and India--has helped Iran's once-ailing economy stabilize and decrease inflation. The increase runs counter to a promise by the B.O. regime that "Iran's oil exports will remain steady at their current level of around 1 million barrels per day." Posted by: trailing wife 2014-02-20 |
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