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Oil at records, Wall Street ends higher after week of tumult
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Recovery hopes push US stocks higher, oil hits records
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3 Min Read
DUBAI/LONDON (Reuters) - An Iranian official said on Wednesday that Tehran exported up to 700,000 barrels per day (bpd) of oil since March, but was later quoted by an Iranian news agency casting doubt on the figure which had been kept secret as the country fights U.S. sanctions.
FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi
Iran’s oil exports have shrunk from more than 2.5 million bpd since 2018, when the United States withdrew from Tehran’s 2015 nuclear deal with six world powers and reimposed sanctions that have hammered the country’s economy.
Oil surges after OPEC+ holds cuts, strong U S jobs growth • Morningology
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