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Iran says “leave us alone”

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Iran said it will consider freezing production after the output has been boosted to 4 million barrels per day.

    “They should leave us alone” until then, Oil Minister Bijan Zanganeh said, according to the Iranian Students News Agency.

    Iran currently produces 3 million barrels per day and plans to boost output by 1 million barrels a day this year after international sanctions on its oil industry were lifted in January.

    Last week a news report said the planned OPEC and non-OPEC meeting may not happen unless Iran commits to production freeze.
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