World

Iran Ready for Possible Oil Export Curbs After Trump Election

November 13, 2024, 05.49 PM | Source: Reuters

ILUSTRASI. A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran. REUTERS/Raheb Homavandi/File Photo/File Photo

OIL AND GAS - DUBAI. Iran has made plans to sustain its oil production and export and is ready for possible oil restrictions from a Trump administration in the U.S., Oil Minister Mohsen Paknejad said on Wednesday, according to the oil ministry's news website Shana.

In 2018, then-U.S. President Donald Trump withdrew from a 2015 nuclear pact with Iran and re-imposed sanctions which hurt Iran's oil sector, with production dropping to 2.1 million barrels per day (bpd) during his presidency.

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