we can hold for 170 years can youYou better don't comment on something you have little info about. Because of sanctions, Iran's oil production reduced (from more than 4 million barrels to 2 millions), and Saudis along with some other countries took our share, now they refuse to cut production and expect Iran not to increase production, well, in their wet dreams.
It's the GCC that is losing tens of times more money than Iran anyway, as we are only exporting about 1 million barrels daily and we are used to this situation now. We will increase our production even if the oil hist 20$ and we will see who will get screwed first.
Stupid GCC thought it can bring Iran or Russia on their knees while also kicking U.S shale oil out of market, look what they have achieved till now: neither, only losing hundreds of billions of dollars each year themselves.
lol Saudi Arabia is the world’s largest producer and exporter of oil, and has one quarter of the world’s known oil reserves more than 260 billion barrels. keep your 3 million