Anthony Di Paola, Arsalan Shahla, and Grant Smith, Bloomberg write on Iran’s return to the oil market, here…
”Tehran has already taken advantage of a less hostile climate since President Joe Biden came to power in January. It is reviving petroleum sales, sending more crude to emboldened Chinese buyers. Iran’s production has climbed almost 20% this year to 2.4 million barrels a day, according to data compiled by Bloomberg, though most of that oil is still used domestically.”
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