Oil price woes deepen as Iran vows to add 500,000 barrels a day

Iranian president hails end of sanctions as western economies and companies such as Airbus stand to benefit Global oil prices will remain under pressure this week after Iran said it was ready to add half a million barrels a day to crude exports just hours after international sanctions were lifted this weekend. Iran's president, Hassan Rouhani, hailed a "glorious victory" as his country relished reconnecting to the global economy following the formal announcement late on Saturday that sanctions w...