A hot topic of late is the terrible condition of Iran’s oil infrastructure and the risk of plummeting exports:
Iran’s oil exports are plummeting at 10pc a year on lack of investment and could be exhausted within a decade, depriving the world economy of its second-biggest source of crude supplies.
A report by the US National Academy of Sciences said rickety infrastructure dating back to the era of the Shah had crippled output, while local fuel use was rising at 6pc a year.
“Their domestic demand is growing at the highest rate of any country in the world,” said Prof Roger Stern, an Iran expert at Johns Hopkins University, Baltimore.
“They need to invest $2.5bn (