A banner supporting Ebrahim Raisi in Iran
Iran production could return ‘within two months’
A likely, albeit not certain, revival of the JCPOA agreement could see a swift rebound in Iranian barrels, says veteran analyst
The need for Iranian president-elect Ebrahim Raisi to legitimise his rule through economic progress, after record low turnout statistics, should lead to grudging support for a new agreement on the Joint Comprehensive Plan of Action (JCPOA), Bijan Khajehpour, senior associate at political risk consultancy Menas Associates and editor of its Iran Strategic Focus, told an end-of-May webinar. And the restoration of JCPOA should be followed by a material return of Iranian crude and products exports within a matter of weeks. “With sanctions, Iran has actually managed to export c.1mn bl/d of crude and condensate and a growing amount of petroleum products. Putting all of them together, exports are 1-
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
