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Reports indicate that lifting U.S. sanctions on Iranian oil exports could contribute to Iran's return to the official market after years of isolation and an improvement in its export capabilities. However, forecasts suggest that Iran will need more than $50 billion in investments and at least five years to increase its production beyond current levels, which are approaching 3.2 million barrels per day—below its OPEC quota. The biggest challenge remains selling off the stored oil, as inventories are backed up and have risen to unprecedented levels since the COVID-19 pandemic.
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