- Iran's President Hassan Rouhani, who presented the budget bill to the Parliament on Sunday, portrayed a positive picture of the country's oil revenues for the next year.
- Rouhani emphasized that the prospects will be specifically positive in light of the country's recent “victory” in OPEC to move ahead with its crude oil production and export plans with no limitations.
- The OPEC talks over a proposed plan to cut output and help boost prices last Wednesday culminated in a deal that allowed Iran to continue with its oil production at the current capacity, while forcing major cuts on other suppliers.
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