Iran has discovered an oil field with an estimated 53 billion barrels of crude, Rouhani says

CNN | Nov 10, 2019 at 5:10 PM
  • Abu Dhabi (CNN)A vast oil field containing an estimated 53 billion barrels of crude oil has been discovered in Iran, President Hassan Rouhani announced Sunday, a find that could boost the country’s battered economy amid stringent US sanctions.
  • In May, the US ended waivers that allowed eight countries to continue purchasing Iranian oil, significantly restricting the country’s oil exports and causing.
  • The deal had lifted crippling economic sanctions in exchange for Iran limiting its nuclear activities and allowing international inspectors to supervise its nuclear facilities.