Iran’s oil exports peaked at a one-year high in the past two months, a top energy agency said Friday, as a thaw in relations with the West boosts the troubled economy of the Islamic Republic. But the boost in oil exports—if it continues—threatens to exceed a cap on exports Iran agreed to as part of an interim deal over its nuclear program. The deal between Iran and six global powers requires that Iran’s shipments shouldn’t average more than 1 million barrels a day of crude over the six months of the agreement, which started Jan 20. In its authoritative monthly oil report, the International Energy Agency said crude exports of Iranian oil averaged 1.16 million barrels a day in January and, based on preliminary estimates, stayed put in February. That compares with average crude exports of 1 million barrels a day in 2013, based on the report. Though bans […]