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Iran’s Oil Boom Continues, Powered by Russian-Chinese Support

OilPrice · Simon Watkins · last updated
Despite ongoing international sanctions and the recent bombing campaign against it by Israel and the U.S., Iran is continuing its push the record levels of oil production it reached in 2024. According to official data and industry sources, last year saw the Islamic Republic produce around 4.3 million barrels per day (bpd) of crude oil, plus a further 725,000 bpd of other liquids, which marked a post-1979 Iranian Revolutionary record. Understandably, production slumped slightly in the aftermath of the heightened military activity between Tehran,…
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