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Iran Promising To Sell 500,000 Barrels Of Oil

NPR
Published January 18, 2016 at 1:52 PM EST
Gas prices are displayed at an Exxon gas station in Woodbridge, Virginia, January 5, 2016. Oil prices fell further January 5 as the crude supply glut overshadowed a diplomatic row between key producers Saudi Arabia and Iran as fuel prices in the US have fallen below $2 per gallon. (Saul Loeb/AFP/Getty Images)
Gas prices are displayed at an Exxon gas station in Woodbridge, Virginia, January 5, 2016. Oil prices fell further January 5 as the crude supply glut overshadowed a diplomatic row between key producers Saudi Arabia and Iran as fuel prices in the US have fallen below $2 per gallon. (Saul Loeb/AFP/Getty Images)

Crude oil prices have fallen under $30 a barrel. This comes days after sanctions were lifted on Iran, a country that is promising to produce 500,000 barrels of oil a day in coming weeks.

Meanwhile, the U.S. also imposed new sanctions on a number of Iranian companies over their participation in Iran’s ballistic missile program. Here & Now‘s Robin Young talks with Ali Velshi of Al Jazeera America.

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Politics & Government