, Columnist
Iranian Oil Production Booms Amid the Bombs
All those petrodollars will facilitate reconstruction from US-Israeli air strikes.
A 2021 image of Iranian refinery at the South Pars Gas-Condensate field.
Photographer: SAEID ARABZADEH/AFPAs the debate plays out over the damage done to the Iranian nuclear program by US and Israeli strikes, one reality is clear: The country’s booming energy sector, the cash cow of the regime, emerged unscathed.
The numbers don’t lie. Iranian oil output reached a 46-year high in 2024, according to recently released data. If anything, all available information for the first six months of 2025 suggests this year will see another increase in production.