Iran risks having its massive crude oil assets become stranded unless the United States lifts the sanctions that the Trump administrations imposed on Tehran three years ago, Reuters has reported , noting the sanctions have prevented the country from boosting its production capacity as other major producers have done. Iran said last month it was already beginning to ramp up crude oil production in anticipation of the removal of sanctions, but this has yet to happen as the Biden administration has tied the removal to Iran suspending its uranium enrichment program. Exports were also on the rise, oil minister Bijan Zanganeh said in January, noting, “I am not worried about regaining Iran’s lost oil market share, and oil buyers do not limit themselves to one or two sellers.” If the U.S. sanctions were lifted, he said, “We will return to the market stronger than before, sooner than you might […]