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Iran oil revenues increases in spring: Gov't spokesman

Fortunately, oil exports witnessed 21 percent increase in volume and 74 percent increase in national currency revenues during the first three months of the Iranian calendar year (started March 21, 2018), Government Spokesman Mohammad Baqer Nobakht said in a meeting with a gathering of MPs.

He described the current people's demand for foreign currencies as the result of sanctions' threats and noted that the government is ready to face any economic scenario.

US President Donald Trump announced on May 8 that Washington would pull out of Iran nuclear deal and reinstate nuclear sanctions on Iran.

This is while most world powers, including Russia, China, and the European Union have repeatedly stressed that keeping the deal is in the interest of the world peace and security.

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