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Sanctions Strangle Iran's Oil Output—David Frum

Crude Awakening
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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.

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