Iran’s oil revenue plummets as US oil exports grow

In fiscal 2017, revenue from oil reached more than $24 billion in the wake of relaxed U.S. sanctions, 45 percent more than in fiscal 2018. Iran also had the benefit of not signing onto a Saudi-led pact to cut oil production among members and non-members of OPEC to drive crude oil prices higher.

The post Iran’s <b>oil</b> revenue plummets as US <b>oil</b> exports grow appeared first on