Saudi Arabia Under Pressure to Cut Oil Output Iran won’t accept any limit on its oil output below pre-sanctions levels as the nation continues with plans to boost production by more than 1 million barrels a day in the months following the completion of a nuclear deal. “It’s not a matter of discussion with anyone to limit the level of production of Iran” below 4 million barrels a day, Oil Minister Bijan Namdar Zanganeh told reporters Thursday. “After the full return of Iran to the market, we are ready to participate with OPEC members for making a new ceiling” on crude production, he said. Photographer: Atta Kenare/AFP via Getty […]