Iran Discovers 7.5 Trillion Cubic Feet of Gas in Fars Province

Iran has announced the discovery of over 7.5 trillion cubic feet of natural gas in a field south of its Fars Province, according to Oil Minister Mohsen Paknejad. The find is estimated to yield 5.7 trillion cubic feet of recoverable gas, characterized as 'sweet,' which can reduce development and operating costs. This discovery adds to Iran's substantial natural gas reserves, positioning it with the world's second-largest after Russia. The announcement comes as the U.S. threatens further sanctions, with President Trump referring to potential measures as 'draconian.' Meanwhile, repairs continue at the South Pars gas field, the world's largest, which was damaged by strikes; 70% of its operations have been restored, though full restoration is expected to take at least three years. The field is shared by Iran and Qatar.