Iranian authorities seem confident they could be able to sell as much as 2.3 million barrels per day (bpd) of oil in the next Iranian year that begins in March 2021, according to Iran’s budget bill. The bill, which has been recently submitted for discussion and approval at the Iranian Parliament, assumes that Iran will get revenues from the sale of 2.3 million bpd of oil in the year starting in March. Iran last exported that much oil in the early spring of 2018, before U.S. President Donald Trump pulled the United States out of the Joint Comprehensive Plan of Action (JCPOA), the so-called Iranian nuclear deal, and introduced sanctions on Iran’s oil, shipping, and banking industries. Iran continues to export oil despite the maximum pressure campaign of the U.S. and its efforts to bring Iranian oil exports down to zero. Iran doesn’t officially report exports or production and […]