Iran Has Discovered An Oil Field Containing Over 50 Billion Barrels

Iran announced the discovery of a new oil field in southwest Iran, potentially increasing its crude oil reserves from 150 billion to over 200 billion barrels. This discovery could elevate Iran to the third-largest holder of proven oil reserves, surpassing Canada. The announcement comes amid economic strain and currency devaluation following US withdrawal from the Iran nuclear deal and subsequent sanctions. President Hassan Rouhani addressed the US, highlighting the resilience of Iranian workers and engineers in discovering 53 billion barrels of oil despite sanctions.

What significant announcement did President Hassan Rouhani make on state television?

• Discovery of a new oil field in southwest Iran

• Increase in Iran's military budget

• Introduction of a new currency

• Launch of a new space program

How would the new oil field affect Iran's position in global oil reserves?

• It would make Iran the top oil producer

• It would decrease Iran's oil reserves

• It would move Iran to third place, surpassing Canada

• It would have no effect on Iran's ranking

What was the estimated increase in Iran's crude oil reserves due to the new field?

• From 50 billion to 100 billion barrels

• From 200 billion to 250 billion barrels

• From 150 billion to over 200 billion barrels

• From 100 billion to 150 billion barrels

What has strained Iran's economy according to the transcript?

• Natural disasters

• Trade agreements with neighboring countries

• US sanctions and currency devaluation

• Increased oil production costs

What message did Rouhani direct at the US in his announcement?

• Iran will stop oil production

• Iran's workers discovered 53 billion barrels of oil despite sanctions

• Iran will seek new trade partners

• Iran will increase oil prices