Iran feels sanctions pain

Sanctions: President Mahmoud Ahmadinejad has said the budget was designed to decrease Iran's dependence on oil revenues.

Iran's state finances have come under unprecedented pressure and the resilience of its citizens is being tested by soaring inflation as oil income plummets due to tightening Western sanctions and sharply falling oil prices.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index