Iran says lower oil prices a new tactic to undermine its economy
Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy. With oil losing a quarter of its value since June, President Hassan Rouhani's administration has been scrambling for alternative sources of income to meet its forecast for revenue in the current budget based on an oil price of $100/barrel. Speaking to conservative Shi'ite Muslim clerics in their stronghold of Qom late on Monday, government spokesman Mohammad Baqer Nobakht ...
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