Iran will "strongly" return to the oil market

Iranian Petroleum Minister Bijan Namdar Zanganeh said that Iran has recently increased its oil exports significantly and is ready to return strongly when the United States lifts sanctions.

Zangane said at an industry event: “We will return to the market stronger than ever, faster than you think.” He added that Iran’s oil exports “have increased significantly in recent days”.

According to Shana, the Iranian Ministry of Petroleum news agency, Zangane’s remarks are difficult to confirm.

Iran is not subject to OPEC production cuts.