U.S. sanctions on Iran's energy industry, when they come into effect in November, could potentially drive oil prices above $100 per barrel, according to an industry expert.
Central Bank of Iran's Governor said the bank in association with other banks controls liquidity trajectory, adding the Central Bank provides needed foreign exchange for basic commodities.
Iran, Russia and Turkey have taken a new step recently to eliminate USD in trade transactions, using national currencies in bilateral trade instead of it, amid their trade war with the U.S.A.
A member of Iranian Parliament National Security Commission believes that American administration has imposed sanctions differently against Turkey than Iran so that our loss is more than Turks.
Chairman of Iranian Parliament Economic Commission said foreign exchange rate in the market doesn't have an economic justification and it's a bubble, adding there is power in the country to reduce it.
