Systemic Monopoly Locks Iran’s Oil Trade

One of the country’s most important current challenges in the field of oil supply and import is the issue of foreign exchange. The government has not yet paid the foreign exchange earned from the import of basic goods, including oil, to importers, and it has been nearly a year since any importer has received their allocated foreign exchange.

Another part of the problem is that the order registration process is only available to a few permanent importers, and oil imports are practically monopolized by a limited group. This restriction has even prevented new players from importing goods using their own capital and currency. In fact, this monopoly has reduced supply in the country, and as a result, the market has faced price tension and multiple oil prices.