Two weeks ago, Iran announced it was planning to boost oil output and exports despite ongoing sanctions by the U.S. As we see continually increased output from Iran since the beginning of 2021, can the country overcome U.S. restrictions to regain its title as a major oil-producing state? At the beginning of September, Iran announced it would be increasing its oil output over the coming months, despite ongoing sanctions from the U.S. restricting the country‚Äôs export market. Iranian Oil Minister Javad Owji stated “There is strong will in Iran to increase oil exports despite the unjust and illegal U.S. sanctions.” Going on to say, “I promise that good things will happen regarding Iran’s oil sales in the coming months.” After three years of reinstated sanctions, after the U.S. withdrew from the Joint Comprehensive Plan of Action (JCPOA) under President Trump in 2018, Iran seems to have had enough of […]