Iran is set to boost its daily oil production to four million barrels, as announced by the country’s Tasnim news agency.
Published by DailyDosz.
The plan, approved by an economic council led by interim president Mohammad Mokhber, aims to increase output from 3.6 million barrels per day. No specific timeframe was provided.
Being a significant member of the Organization of the Petroleum Exporting Countries (OPEC), Iran’s decision could have notable implications for global oil markets.
This move follows recent stabilization efforts after the passing of Iran’s president and reports of the Saudi king’s illness.