business ⛽ Iran finds massive new gas reserve amid US pressure
Iran has announced a significant new gas discovery in the southern province of Fars. This finding was reported by the oil ministry, with the reserve estimated at 7.5 trillion cubic feet, of which 5.7 trillion cu ft is recoverable. The discovery is comparable to one block of South Pars, which can fuel supply for 15 years. This comes as the US continues to threaten further sanctions on Tehran. Meanwhile, repairs at the damaged South Pars field are ongoing, with a full restoration expected within two years.