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Iran's Oil Output Falls to Lowest Level in 5 Years, Study Shows

Iran's production of oil, its top revenue source, declined to its lowest level in more than five years as the U.S. prepared to unilaterally impose a total ban on Iranian crude exports, a new study shows. In a monthly report released Wednesday, the International Energy Agency said Iranian oil output was 2.6 million barrels a day in April, down 5% from March's figure of 2.74 million barrels a day. April's oil output figure was Iran's lowest since September...

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