How Iran Is Coping With Sagging Oil Prices
Iranian Oil Minister Bijan Zanganeh wave to journalists as he arrives for a meeting of OPEC oil ministers at OPEC's headquarters in Vienna December 4, 2013./ Matthew M. Reed considers how the collapse in the oil price is affecting Iran—and its defense of its nuclear program. What impact has the fall in global oil prices had on Iran? The oil price collapse since June has had only a modest impact on Iran—so far. But lower revenues have already forced President Hassan Rouhani to significantly reduce budget projections and even decrease Iran’s ...
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