U.S.: Iran's oil production capacity curbed
As Senate leaders weigh tighter sanctions, U.S. Treasury Secretary Jack Lew told lawmakers Iran's ability to ability to produce oil is severely curtailed. Iran under the terms of a November 2013 agreement is allowed some oil exports in exchange for commitments to curb some of its nuclear research activity. In mid-January, , secretary of the influential Expediency Council, said exports have since dropped by 1.5 million barrels per day and inflicted more than $100 billion in revenue losses. Lew testified before members of the Senate Banking ...
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