Sanctions Strangle Iran's Oil Output
An Iranian worker at Tehran's oil refinery in 2007. (Vahid Salemi / AP Photo)
According to the Financial Times, Iran's oil production has fallen to a 10-year low, hitting levels last seen during the Iran-Iraq war.
The country’s crude production fell by 50,000 barrels a day to 3.38m b/d in February, according to the International Energy Agency. The last time it was that low was in late 2002, IEA statistics show.
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
Comments