Judging by the budget proposal for the new Persian year, which is due to be approved by parliament, there is an optimistic feeling in Iran.
According to the proposal, during the year beginning next month and until March 2023, the country's oil revenues will reach 4.84 quadrillion reals, an amount equal to $115 billion according to the official exchange rate or about $17 billion at the real exchange rate on the black market.
This amount is about 30% higher than the original budget proposal.
Iran's oil exports are subject to a strict US sanctions regime and if there is a breakthrough in talks in Vienna it is likely that cash flow to the Iranian coffers will increase. The crisis between Russia and Ukraine and the surge in oil prices could also serve as a catalyst for the US Iranians to market.