The reality of the oil market didn’t discourage the Iranian president from trying to presell its 220 million barrels of energy to its citizens.
By Chuks Chukwuka
Updated
2 mins read
Authorities in Iran are encouraging its citizens to get more involved in investments in the oil sector. This is despite the fact that oil has not performed well as an asset this year.
The statement by the president of Iran, Hassan Rouhani, that was televised on Wednesday showed him say that the USD and gold were bad options for investors. He said that oil should be the investment choice instead.
“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.”
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Chuks is a blockchain enthusiast and finance researcher that has covered the crypto sphere for several years. He believes that the evolving technology would change how we do business.
