Iran oil production reaches a 25-year low as its biggest export customers in Asia seek to avoid...

|By:, SA News Editor

Iran oil production reaches a 25-year low as its biggest export customers in Asia seek to avoid the effect of sanctions from the U.S. and EU. May production is expected to come in at just 2.6M bbl/day, a level not seen since the end of the Iraq-Iran war. Iran had been pumping 3.5M bbl/day prior to the sanctions.