According to a report by the International Energy Agency (IEA), Iran has decided to increase oil production despite the United States and sanctions from Washington. According to the agency, in March the volume of oil production by Iranian companies reached 2.3 million barrels per day, which is 110 thousand barrels per day more than in April. Moreover, such volumes have become a record figure over the past two years. The IEA noted that «Iran has opened its oil taps since late 2020, defying US sanctions.» Recall that the United States imposed repeated sanctions on Iran at the end of 2018, a few months after the country withdrew from the agreements under the nuclear agreement, in which Russia, China, Great Britain, France and Germany also took part. In particular, in relation to Tehran, there is a ban on oil exports and transactions with the US national debt. Despite this, Iran remains the fourth largest member of the Organization of the Petroleum Exporting Countries (OPEC) in terms of production volumes.
