Iran fails to find any buyers for crude offered on exchange | Reuters:
Iran failed to find any buyers on Monday in its latest attempt to sell oil to private companies for export on the stock exchange, the ISNA news agency reported, in a setback to Tehran’s efforts to bypass U.S. sanctions.
Crude oil trade is state-controlled in Iran, but to try to work round U.S. sanctions, the government last year started to sell crude to private buyers through the stock exchange.
However, there were no buyers on Monday for the one million barrels it offered on the exchange at a starting price of $52 per barrel.
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