- The budget bill for Iran’s next calendar year is based on an oil price of $60 a barrel, up from $40 this year, the semi-official Fars news agency reported.
- The country expects to export around 1.2 million barrels of oil daily in the year that starts on March 21, Fars reported.
- Sanctions reinstated on Iran in 2018 by former U.S. President Donald Trump have battered the country’s economy, chiefly by curtailing Iran’s oil exports, its biggest source of revenue.
Iran bases its 2022 budget on $60 oil
