The situation likely isn’t as dire as US President Donald Trump recently described, colorfully suggesting pipelines could start exploding within days. But once shut down, production from the aging wells may not be restarted so easily, if at all, undermining Iran’s future oil output. Iran appears to have begun dialing back production already, analysts say, to avert outright shutdowns.
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Iran’s severely injured supreme leader remained defiant on Thursday as he vowed to protect the Islamic...
