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What Sanctions? Iranian Oil Industry Is Booming

What Sanctions? Iranian Oil Industry Is Booming

Bloomberg12 hours ago
As the debate plays out over the damage done to the Iranian nuclear program by US and Israeli strikes, one reality is clear: The country's booming energy sector, the cash cow of the regime, emerged unscathed.
The numbers don't lie. Iranian oil output reached a 46-year high in 2024, according to recently released data. If anything, all available information for the first six months of 2025 suggests this year will see another increase in production.
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