Sunday, December 22, 2024
Iran

Iran and its Oil: Ready to Re-Enter Global Markets

Sanctions lifted on Iran Iran has officially carried out all measures required to start the Joint Comprehensive Plan of Action (JCPOA) and begin the implementation of sanctions relief, according to a statement from the International Atomic Energy Agency (IAEA). Saturday, called Implementation Day under the JCPOA, marked the beginning of the end of sanctions against Iran regarding its nuclear program.

Oman Offers to Cut Its Production 5%-10%

Non-OPEC producer says it’s ready to cut production, but “everyone has to do the same” Oman became the first non-OPEC oil producer to say that it will cut its production if done in coordination with other producers. Oman’s oil minister, Mohammad bin Hamad al-Rumhy, said the Persian Gulf nation would be willing to cut 5%-10% at an energy event in