Iran Energy Exchange prepares to take over the country’s crude oil exports to diversify responses to blockade challenges

(1) Iran faces multiple difficulties in the sale of crude oil and trade settlements, with major obstacles including maritime blockades. (2) The CEO of the Energy Exchange, Nazifi, stated that the exchange is ready to undertake domestic crude oil export transactions. (3) He said that by listing crude oil for sale on the Energy Exchange, sales channels can be diversified, and more flexible trading methods can help resolve some of the current challenges.