Iran launches an oil exchange
Iran, the fourth largest in the world and the second largest OPEC manufacturer, plans to launch an oil exchange in the country within two months, Bloomberg reports with reference to the Iran Daily newspaper. The head of the Iranian Government Commission on Energy said that at the first stage, derivative financial instruments will be traded on the exchange - oil futures, options, swaps, etc. The next stage, the essence of which he did not specify, will be launched next spring.