Iran demands $300bn to end war

[EX500rider]

31. And they want a pony & a unicorn!

Please, the country currently suffering the most IS Iran as they can sell no oil with a blockade enforced.

Iran exports an average of 1.6 to 1.7 million barrels per day (b/d) of crude oil and condensate, generating between $30 billion and $50 billion in annual net export revenue.

Currently zero.

Direct GDP Contribution: Oil production generally constitutes about 23% of Iran's wealth output.
Government Revenue: Oil and gas revenues typically make up between 25% and 30% of the Iranian government's fiscal budget.

They are running out of storage room and will have to start shutting down wells, restarting their old wells is not always doable.

Iran is rapidly running out of both onshore and offshore oil storage space, with U.S. and industry officials estimating that its capacity is between 57% to 90% full. Because a U.S. naval blockade has prevented tankers from exporting crude, Tehran is expected to exhaust its remaining storage in a matter of days or weeks

Restarting old oil wells in Iran is an exceptionally difficult, slow, and expensive process. Because Iran’s fields are mature and suffer from historical underinvestment, a prolonged shutdown risks irreversible damage to the underground reservoirs, requiring billions of dollars to rehabilitate.

They can talk tough but will need a deal more then the US soon.