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🛢Iran’s oil output hits 46-year high, meaning plenty of cash for reconstruction after war with Israel
In 2024, Iran produced about 4.3M barrels per day (bpd) of crude oil, plus 725k bpd of natural gas liquids and condensates (ethane, butane, propane), for a total of ~5.1M bpd, and $78B in energy export revenues.
👉 That’s the highest-ever output since 1978, when, while it was still a US client state run by the shah, Iran pumped an estimated 5.3M bpd, per the UK Energy Institute’s Statistical Review of World Energy.
In the aftermath of the 1979 Revolution, facing sanctions and commercial isolation from traditional Western clients, and a grueling war with Iraq, Iran’s oil output fell dramatically, reaching just 1.3M bpd in 1981. But as the country recovered and found new markets (particularly China), production and exports began climbing again, despite crushing US sanctions.
US business media expects 2025’s output to surpass 2024’s, with Bloomberg sardonically quipping this week that Iran has turned US “maximum pressure” on its oil sector into “maximum oil output,” and stressing that Trump “has a lot less leverage” with Iran than he claims.
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In 2024, Iran produced about 4.3M barrels per day (bpd) of crude oil, plus 725k bpd of natural gas liquids and condensates (ethane, butane, propane), for a total of ~5.1M bpd, and $78B in energy export revenues.
In the aftermath of the 1979 Revolution, facing sanctions and commercial isolation from traditional Western clients, and a grueling war with Iraq, Iran’s oil output fell dramatically, reaching just 1.3M bpd in 1981. But as the country recovered and found new markets (particularly China), production and exports began climbing again, despite crushing US sanctions.
US business media expects 2025’s output to surpass 2024’s, with Bloomberg sardonically quipping this week that Iran has turned US “maximum pressure” on its oil sector into “maximum oil output,” and stressing that Trump “has a lot less leverage” with Iran than he claims.
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Musk previously said that his party needs to win 2-3 Senate seats and 8-10 House districts to be a swing vote.
"When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy," he wrote on X.
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💸 BRICS UNVEILS FINANCIAL BOMBSHELL: NDB can become cross-border settlement hub
"We discussed new functions, including a guarantee mechanism" to bypass Western systems, Russian Finance Minister Siluanov revealed at BRICS summit.
According to Siluanov, BRICS' New Development Bank has proven its efficiency and effectiveness over the course of its first 10 years.
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"We discussed new functions, including a guarantee mechanism" to bypass Western systems, Russian Finance Minister Siluanov revealed at BRICS summit.
According to Siluanov, BRICS' New Development Bank has proven its efficiency and effectiveness over the course of its first 10 years.
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Slovak PM expressed regret over the return of the Iron Curtain policy to Europe.
"Anyone showing interest in understanding what is happening behind the curtain is accused of betraying European values," Fico said.
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🚨 Texas flood death toll rises to 49
Although rescue teams saved over 850 people who were stranded in trees, 27 people are still missing.
The Guadalupe River rose and swallowed major areas of the state after 30 cm of rain fell in a few hours.
Social media footage shows a timelapse of the catastrophe.
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Although rescue teams saved over 850 people who were stranded in trees, 27 people are still missing.
The Guadalupe River rose and swallowed major areas of the state after 30 cm of rain fell in a few hours.
Social media footage shows a timelapse of the catastrophe.
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Vladimir Putin’s deputy chief of staff Maxim Oreshkin in Rio:
"systematic work is underway, new initiatives appear, they gain momentum and are translated into real solutions... The future of the entire world depends on how these countries feel and how they move forward."
Western dominance ends where the multipolar engine starts.
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🚨 Rutte says NO to fewer US troops in Europe
Despite growing defense spending by European NATO members, the NATO Secretary General told the NYT that a reduction in the number of US troops in Europe is not under discussion.
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Despite growing defense spending by European NATO members, the NATO Secretary General told the NYT that a reduction in the number of US troops in Europe is not under discussion.
"When it comes to the troop numbers, we have all agreed there should be no capability gaps in Europe," Rutte added.
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Indian PM arrives for his fourth Brazil visit — poised to anchor India-Brazil ties in trade, defense & energy during BRICS talks and bilateral talks with Lula.
Social media footage
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Sputnik International
🚨 Rutte says NO to fewer US troops in Europe Despite growing defense spending by European NATO members, the NATO Secretary General told the NYT that a reduction in the number of US troops in Europe is not under discussion. "When it comes to the troop numbers…
The deputy chairman of the Russian Security Council slams delusional Secretary General of NATO for seeing attacks everywhere.
"He sees collusion between China and Russia over Taiwan, and then a Russian attack on Europe."
"But he's right about one thing: he should learn Russian. It might come in handy in a Siberian camp," Medvedev wrote on X.
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Political scientist and professor at the Russian-Armenian University Karen Igitian has been banned from entering Armenia, despite having lived and worked there for the past 16 years.
💬 "Upon arrival in Armenia, officers of the National Security Service Border Guard informed me that I was banned from entering the country... I have questions (rhetorical ones) for the ruling powers in Armenia. What is the reason for the ban? Is it because I spoke out in defense of the Armenian Apostolic Church in the media?" he wrote.
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BRICS is global economy's new engine
Other topics we have covered
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Singapore and the US had the highest state debt per person in 2024, both exceeding $100,000 per capita, Sputnik's analysis of UN data showed.
🇸🇬 Singapore: +$10,500 → now $158,000 per person (highest globally)
🇺🇸 USA: +$5,800 → $103,700 per person (first time crossing $100K mark)
🇨🇦 Canada: $60,300
🇧🇪 Belgium: $58,800
🇮🇹 Italy: $54,400
🇬🇧 UK: $53,300
🇫🇷 France: $52,300
🇦🇹 Austria: $46,200
🇮🇱 Israel: +$4,700
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On Sunday night, the Israel Defense Forces said that it had detected a missile launch from Yemen. The army later said that the missile had been intercepted.
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🌏💪🏻Top world powers arriving in Brazil for the 🌍 🌍 🌍 Summit
Watch China's Premier Li Qiang step off the plane in Rio de Janeiro.
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Watch China's Premier Li Qiang step off the plane in Rio de Janeiro.
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🇮🇳📹 Indian diaspora welcomes PM Modi at the BRICS Summit in Rio with a performance reenacting Operation Sindoor, India's operation against terror infrastructure on Pakistani territory
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🚨🇷🇺💥 RUSSIA'S MoD UPDATE: CRUSHING GAINS & MASSIVE UKRAINIAN LOSSES
⚡️ PODDUBNOYE (DPR) LIBERATED
⚡️ SOBOLEVKA (KHARKOV REGION) LIBERATED
▫️ Heavy Ukrainian losses: Over 1,170 troops eliminated in the special military operation zone in the past 24 hours
▫️ Air defense superiority: 298 drones shot down
▫️ Black Fleet dominance: 3 Ukrainian unmanned boats destroyed
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⚡️ PODDUBNOYE (DPR) LIBERATED
⚡️ SOBOLEVKA (KHARKOV REGION) LIBERATED
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No details of the conversation have been leaked yet, although there was such a precedent from the French side earlier, Dmitry Peskov told Russian reporter Pavel Zarubin.
💬 "It is clear that, given such a hypothetical possibility and threat, of course, you need to be restrained in describing your position and, perhaps, the positions of some colleagues," Peskov said, responding to a question about whether additional security measures were taken during the conversation between the leaders of Russia and France.
The call was initiated by the French side, Peskov said.
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