Commodities & Energy

Reuters exclusively reports U.S. aims to cut Iran oil exports to under 1 million bpd from May

Reuters exclusively reports U.S. aims to cut Iran oil exports to under 1 million bpd from May

Reuters exclusively revealed that the U.S. aims to cut Iran’s crude exports by about 20 percent, to below 1 million barrels per day from May, by requiring importing countries to reduce purchases to avoid U.S. sanctions. U.S. President Donald Trump eventually aims to halt Iranian oil exports and thereby choke off Tehran’s main source of revenue. Washington is pressuring Iran to curtail its nuclear program and stop backing militant proxies across the Middle East.


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