In remarks at an economic meeting on Tuesday, Rouhani said the supreme council of economic coordination among the heads of the three branches of power has approved a plan on the domestic sale of oil at the energy stock market.

Describing the new decision as part of plans to carry out a people-based economy, regulate the stock exchange market, and counter the oil sanctions imposed by the enemies, the president hoped that his administration would put the plan into practice immediately after final ratification.

Last week, the president said a new initiative is going to give fresh impetus to the country’s economy and resolve a series of problems.