Iran has decided to increase oil production despite the United States and sanctions from Washington, according to the IEA report.

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, and is a record figure for the last two years.

“Iran has opened its oil taps since late 2020, defying US sanctions. Now its production has reached its maximum levels in almost two years,” the IEA said.