An Iranian woman refuels her car at a gas station in Tehran on Jan. 25. Iran wouldn’t coordinate a crude-oil output reduction with the Organization of the Petroleum Exporting Countries until its own production returns to pre-sanctions levels, a top Iranian oil official said, potentially dashing market hopes of a supply cut. Iran “won’t consider a cut” until its exports have increased by 1.5 million barrels a day over current levels of roughly 1.1 million barrels a day, the official said. The country is furiously restarting its oil exports after the lifting of nuclear-related western sanctions , which had forced its production down by more than a third. Iran’s position underscores how difficult it will be for the world’s biggest oil producers to agree on cutting back the vast oversupply of crude that has sent prices to their lowest levels in more than a decade this year. The market […]