Iran Boosts Oil Output to Pre-Sanctions Levels

Iran's South Oil-rich Zones National Company has reported an increase in oil production. The company, which is responsible for managing the country's south oil fields, announced that it had boosted its daily crude output to 1.6 million barrels from 1.4 million barrels. This represents a rise of 14% in just one month.

The South Oil-rich Zones National Company has been working to increase production levels despite global economic headwinds and the ongoing impact of US sanctions on Iran's oil industry. The company's efforts have paid off, with crude output now at its highest level since 2018.