Consecutive Lost Chances for the Country!
In the past two months, despite a series of positive and negative news, the country's conditions were still in the suspension phase, and significant changes in the political and economic aspects were not achieved. After several months of a bullish trend, most markets in the country have soothed, and are waiting for future news to determine the forthcoming direction. A recent noteworthy news is related to the country’s elevated oil sale, which according to unofficial data has reached 1.5 million barrels per day this spring which is a 5-year peak. This shows that after consecutive disappointing years in oil revenues, the pressure of oil sanctions has probably reduced in recent months, which can be attributed to the desire of the United State to control the global oil price, as well as a reduction in sanctions to bring Iran to the negotiation table. An important point in this regard is even if the sale of 1.5 million barrels of oil continues until the end of the year, still, the government's budget deficit would not be entirely covered.
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