Iran Considers Allowing People To Invest In Oil On Local Exchange

Iran is considering letting residents invest in oil on the domestic energy exchange, Iranian President  said, as the Islamic Republic’s economy and its people are struggling with the coronavirus outbreak, low oil prices, and U.S. sanctions on Iran’s energy, shipping, and banking industries.

“The government, especially the economic board, has always been trying to adopt and implement policies and measures to control liquidity and direct it to the right path and production cycle,” the official website of the Iranian president quoted Rouhani as saying on Tuesday.

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