This research indicates the role position of oil in western Industrial societies. It studies the performances of states and important oil corporations in oil exporting countries in different times. Before the1950s, oil policies, especially oil price and the extent of the production depended on the wills of western states and corporations. By Nations" awareness and growing the national challenges against the status exploitations, the power and influence of international corporations became more limited. By using different and more complicated and exact means, western industrial societies established a better structured than before. It ensured the western domination and influence on oil policies. On other words, the approaches designed by western industrial societies founded both the international oil market and the hegemony of these structures on world oil policies and could provided continuous, safe, and cheep trend of this strategic commodity.

1- INTRODUCTION Financial markets and oil exchanges and their expectations play a major role in understanding oil price changes. To analyze and understand how crude oil prices change, it is important to pay attention to these markets. In IRAN, the International Deputy of National Oil Company determines the price of Iranian oil by using different pricing methods and mechanisms. One of the factors they use for pricing is the price of oil in the FOB Persian Gulf region, including the oil price of Dubai and Oman oil exchanges. The current pricing models of Iran's crude oil prices in the East Asian market have not yet taken into account the role of stock exchanges and capital markets in price calculations. Current method of determination of the price of Iranian crude oil in Asia, it uses the price of index oil in the physical market and the price of index oil in the stock market of that region. This article examines the impact of the financial layers of the Dubai crude oil market on the price of Iranian crude oil and the extent to which the behavior of the price of Iranian crude oil in the Asian market affects the financial markets of Asia such as the Dubai Stock Exchange.   2- THEORETICAL FRAMEWORK The Asian oil market is one of the largest markets in the world and the largest oil customers such as China, India, etc. are located in this region. Also, this market is one of the largest customers even in the condition of Iran's oil embargo, so investigating various financial factors and market structure of competitive and leading crude oil in the Asian market is one of the important issues in maintaining the country's oil market. If the country's oil price formula is developed based on the oil considerations of other competitors, it will have the characteristic of being competitive with other producers in this region. On the other hand, maintaining the market share in the Asian market depends on the price formula that takes into account the most considerations of the capital market (stocks in this region) along with the fluctuations in the price of crude oil indicators in this market.   3- METHODOLOGY In this research, the multivariate GARCH method and daily time series data of 2010-2019 are used to investigate the impact of the financial structure of the Asian oil market on the price of Iranian oil.   4- RESULTS & DISCUSSION The price of Iranian crude oil in the Asian market is dependent on the financial markets of Dubai index crude oil, and as expected, using the Brent market structure in the ICE exchange for the pricing of Iranian crude oil in the Asian market gives a wrong signal because the European crude oil exchange market has a significant effect on the price of crude oil. Iran has no market in the East and this is despite what is usually said in academic societies. On the other hand, due to the regional nature of the oil market, the price of regional crude oil influences the Iranian oil market, and the stock market has a regional effect on the price of crude oil.   5- CONCLUSIONS & SUGGESTIONS In this research, three markets were examined; the Oil market, the Tokyo stock market and the Iranian crude oil market in the East Asia region. First, a shock is created in the stock market. With the effect of policy changes, market expectations are changed and price shocks are created in the stock market. The effect of turbulence in one market is transferred to other markets. Every shock in one market creates a positive impulse in another market. In other words, if the fluctuations in the futures market (Dubai Stock Exchange) increase, the price of Iranian crude oil will also increase in the market and have a positive effect on the fluctuations. Based on the findings of this research, it can be stated that oil exchanges play an important, influential and positive role in determining the price of Iranian crude oil, and any fluctuation in the market structure of oil exchanges will cause fluctuations in the price of Iranian crude oil. Also, the price of Iranian crude oil in the Asian market is a function of the structure of the oil market (contango or backward). The Ministry of Petroleum, especially the international affairs of the National Iranian Oil Company, should pay attention to the developments of the oil market regionally, the connection of the capital and futures markets in crude oil pricing, oil sales negotiations, marketing and conclusion of oil sales contracts. Also, it is suggested to modify the traditional pricing models in the Asian market in such a way that in the oil pricing formulas in the Asian market, especially the changes in the future prices of the index crude oil of this region and its stock market and the financial structure of the oil market of Dubai and Oman are also taken into account.  Also, in the pricing formula of Iranian oil in the Asian market, in addition to the role of Saudi Arabia as a competitor, use the variables of the model used in the current article. It is also suggested that the international affairs of the National Oil Company pay attention to futures contract transactions in paper exchanges in this Asian market to cover the risk caused by crude oil price fluctuations. In short-term and long-term budget planning of the government should pay attention to the relationship between capital markets and oil futures with the oil market, especially in this region; have such models and use them in their policies. The central bank of IRAN also has models to explain the behavior of crude oil prices in the market so that it can control the currency fluctuations that are mainly caused by the fluctuations of the financial markets and the oil market. The Budget Management and Planning Organization needs to estimate the price of crude oil in the annual budget to calculate the country's annual income, and also to implement development plans, it is necessary to estimate oil revenues and oil prices. Based on the analysis of financial factors, they can have a more correct analysis of the price of oil. For further studies, other target markets for the sale of crude oil (including the Mediterranean and North American markets) and other grades of Iranian crude oil in those markets can be examined. It is better to use other econometric methods, for example, IGARCH, ARFIMA and FIGARCH methods for estimation. In the same way, I suggest that in the next studies, the interest rate and the dollar rate, as well as the effects of other stock exchanges, should be considered as a variable, and the effect of other economic indicators should be investigated, and other non-oil stock market items can also be added to the model and be checked

After Second World War, demand for oil increased and in 1970s reached to its maximum growth. And naturally, providing this level of demand depended on much more import from OPEC, especially from Middle Eastern members.Contemporaneous, in the early 1970s, some OPEC governments stopped granting new concessions and starting to claim equity participation in the existing concessions, with a few of them opting for full nationalization. These two processes led to the introduction of new powerful actor to global oil market.But, as the further events showed, OPEC's dominance had a short life and because of some reasons, chiefly as a result of OPEC's behavior after second oil shock (1979), this period shortly finished. In the mid 1980s, it's pronounced that the OPEC's formal prices catch to trouble.Under these pressures, the demand for OPEC oil declined from yearly average 30 million barrels per day (mb/d) in 1979to yearly average 16 million mb/d in 1985. With this continued decline in demand for its oil, OPEC saw its oil market share in the world's oil production fall from 52% in 1973 to less than 30% in 1985. In 1986, when OPEC tried to increase its oil exports, to reach to its previous market share, the shock occurred and prices fall downed from 29 $ per barrels to less than 10 $. In fact, after oil crises in 1986, OPEC's pricing system collapsed and replaced with a pricing system on the base of market mechanism. So, the role and position of OPEC weakened in global oil market in the mid of 1980s.In this article, with studding OPEC's behavior between first and third oil shocks (1973-1989), we try to analyze the effect of OPEC's policies on the weakness of its role in the global oil market.

The recent oil market conditions, have confronted analysts with serious challenges in their efforts to analyze oil price trends and the reasons behind them. They have, so far, addressed the issue on the basis of structural changes, periodical behavior and speculation. The roots of those challenges, in their view, are embedded in the influential development of fundamental elements on the price of oil. OPEC's oil production in the 1990s, is a case in point, which materialized the organization's price objectives very effectively. The organization, however, has lost its price controlling mechanisms and capabilities in recent years. The relationship of crude oil prices and commercial stock pilings has also reversed. This study reviews changes in the fundamental factors on the basis of econometric models. According to results, OPEC's excess or surplus production capacity in recent years (post 2003) has affected the relationship of oil stock pilings and prices. OPEC's surplus production capacity had no impact on oil prices prior to 2003, when it began to demonstrate its influence. Thus, OPEC which set its members' production quotas in light of stockpiling levels, in its pursuit of price objectives, is presently influencing the oil market with its excess capacity.Therefore, through its quota setting mechanism, OPEC is facing two opposing effects of the changing stock-levels and the surplus capacity, and currently the role of the second is superiora.

In recent years, the theories of nonlinear systems in general and chaotic systems in particular have received a great deal of attention in the economic research.Based on the assumption that at least part of the underling process is nonlinear, chaos analysis evaluates whether that process in deterministic.In this research, first by applying Correlation Dimension (CD) and Largest Lyapunov Exponent (LLE), the evidence of chaos in oil future prices (1996-99) appeared to be true. Then the logestic map is explained and finally the Largest Lyapunov Exponent (LLE) estimate of the first sectiona is compared with the calculated LLE under the logistic function.