Iran softens to oil production freeze?
Oil prices jump after unconfirmed reports say Iran may join a push to freeze production at current levels. Iran has been ramping up output since the lifting of sanctions in January to reclaim its lost market share, dismissing demands to join the freeze initiative. On Tuesday, Reuters cited unnamed sources as saying that Iran was sending “positive signals” that it might get behind the push to curb production. “Though Iran has not yet decided whether to join a new effort, Tehran appears to be more willing to reach an understanding with other ...
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