June

EghtesadOnline: 365,543 MT of commodities worth over $181 million were traded in Iran Mercantile Exchange late June with the trading volume experienced a growth of 12% and trading value a decline of 4%.

EghtesadOnline: The Central Insurance of Iran, the regulatory body of the sector, has signed an agreement with the Iran National Innovation Fund and the Iran Biotech Development Council to launch a fund for boosting investments in insurance startups.

EghtesadOnline: O PEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of US sanctions on Iran and the crisis in Venezuela.

EghtesadOnline: Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal to curb global crude supply to counter a glut.