Iran plans to increase its crude oil output to 4 million barrels daily, the country’s Tasnim news agency reported, as cited by Reuters. No specific sources for the plan were provided but the original report in Tasnim said that "An economic council headed by Iran's interim president Mohammad Mokhber has approved a plan to raise the country's oil output from 3.6 million barrels per day to 4 million barrels per day." Iran has been eager to increase its oil production despite U.S. sanctions that have significantly reduced the market…
