Iran said oil prices would not rise above $60 a barrel until 2016 and that it would increase crude exports if Western sanctions over its nuclear program were lifted, the semi-official Mehr news agency reported on Friday. “We’re not expecting oil prices to go over $60 until 2016. What will happen after that is not clear,” Mehr quoted National Iranian Oil Co’s head of international affairs, Mohsen Ghamsari, as saying. “When sanctions are lifted, it is our natural and legal right to increase our oil sales in an effort to raise market share.” U.S. and EU sanctions that came into force in 2012 prohibit the import, purchase and transport of Iranian petroleum products. World powers are in talks with Iran to try to persuade Tehran to curb its nuclear program in exchange for relief from the sanctions that have crippled the major oil exporter’s economy. “Sanctions […]