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Iran feels sanctions pain

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.

Sanctions: President Mahmoud Ahmadinejad has said the budget was designed to decrease Iran's dependence on oil revenues.
Sanctions: President Mahmoud Ahmadinejad has said the budget was designed to decrease Iran's dependence on oil revenues.
  • News Wires
Published 11 June 2012, 04:12Updated 11 June 2012, 04:14
Middle EastNorth Africa