Iran Says Will Launch Oil Futures by Oct. 22

National Iranian Oil Company announced that it will launch crude oil futures by the last week of October, with one million barrels of crude oil to be offered on Iran Energy Exchange international platform. 
In a notice published on its website, the company said  the move is in line with principles of the Resistance Economy outlined by the Leader Ayatollah Seyyed Ali Khamenei, which emphasizes curbs on overdependence on oil revenues, promoting economic diversity and domestic manufactures and bigger role for private enterprise.