Iran announced its readiness to limit oil production

Since Iran has already reached the planned oil production, it is now ready to join the agreement the largest fuel exporters to limit the level of production. This statement was made by Director of International Relations of the Iranian national oil company NIOC Mohsen Kamsari.
According to the company, the average daily oil production in Iran amounted to 4.2 million barrels, which corresponds to the government's plans to revive production.

At the meeting of representatives of the largest oil exporters in Doha on April 17 the parties were unable to reach an agreement on limiting production at the level of January 2016, in order to stabilize the ratio of supply and demand and thus prices on the world market. The reason for the differences was the position of Saudi Arabia. The United States has used the possibility of declassification of documents showing Saudi involvement in 9.11 as a bargaining chip to put pressure on Saudi Arabia in order to undermine the negotiations between leading oil-producing countries at Doha on April 17th, 2016. The Saudis opposed the measures aimed at raising oil prices. Thus, contrary to the interests of their own economy, the Saudis have joined the US economic pressure on Russia.