Under sanctions, Iran's crude oil exports have nearly halved in three years

In early April this year, Iran and the five permanent members of the United Nations Security Council plus Germany reached a framework agreement to guide negotiations targeting a comprehensive agreement by June 30. The comprehensive agreement could result in the lifting of crude oil-related sanctions against Iran, which in turn could result in an increase in Iran's crude oil production and exports. However, the ultimate decision and the timing that sanctions could be lifted are highly uncertain More »