
Iran Focus
London, 21 Apr – Experts say that the threat of new, tougher sanctions leaves Iran’s oil industry vulnerable, even after this week’s move by Iran to replace the US dollar with the euro for its foreign currency data references.
After sanctions were frozen the Islamic Republic added nearly 1 million barrels per day (b/d) to its oil production, while it attempts to reduce its dependence on the dollar. If tougher sanctions are imposed on May 12th, the country may once again be isolated.


