Iran's oil output has reached its lowest level in 20 years, dropping 150K bpd in two months to...

|By:, SA News Editor

Iran's oil output has reached its lowest level in 20 years, dropping 150K bpd in two months to 3.2M bpd in April, independent data shows. Though Iran's production was already hit by previous sanctions, the latest round targeting exports (examples: I, II) "is making things worse, reducing the amount of money Tehran itself has available to invest."