Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation. Others were more wary, mindful of the risk of falling foul of an array of U.S. penalties that remain in place despite the lifting of nuclear-related sanctions on Saturday by the United States, European Union and United Nations. Those measures were scrapped as part of a landmark deal between Iran and world powers, rewarding the Islamic Republic for scaling back its atomic energy program in ways that U.S. President Barack Obama said would prevent it from getting its hands on a nuclear bomb. “We will be committed to the nuclear deal as far as the other side is,” Iranian President Hassan Rouhani said on Monday, adding that his country was “morally and […]