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Monday, January 18, 2016

Iran Promising To Sell 500,000 Barrels Of Oil

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. (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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Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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