Iranian President Hassan Rouhani pegged economic recovery in the country on greater activity in the oil sector and increased tax revenues. Rouhani submitted a $7.8 billion general budget to the Parliament Sunday “Getting out of the status quo requires undertaking measures to push [the country] out of stagnation and adopting policies to contain inflation,” Rouhani was was quoted as saying by the Iranian Oil Ministry’s news website. “Therefore, we have tried to increase the general budget’s resources and to that effect we have put higher oil and tax revenues on the agenda.” Iran’s economy is struggling to cope with Western sanctions designed to starve it of oil revenue it could use to finance a controversial nuclear program, which Iran says is for peaceful purposes. Rouhani vowed to reverse the course set by his predecessors when he took office in August. Iranian Oil Minister Bijan […]