The Supreme Economic Coordinating Council has approved a plan to sell oil in hard currency at the Iranian stock market with the aim of diversifying methods of selling oil at the market"s trading floor.

According to the Rouhani administration"s online mouthpiece, dolat.ir, the council, headed by Iranian President Hassan Rouhani, was held on Tuesday and the plan was endorsed.

The council also approved an agenda to enhance strategic storage of staple commodities inside the country.