As oil prices continue to drop, Iran looks for a way to minimize the damage being done to its economy, but are its plans in OPEC’s best interest?

OPEC member, Iran, is heavily reliant on petroleum exports and adopted a budget for the current fiscal year based on a projected price of $100 per barrel of oil, reports Yahoo News. With Brent prices down to $78.11 a barrel on London’s ICE Futures Europe exchange today, and WTI at $75, Iran is far from reaching its fiscal expectations. The IMF has estimated Iran needs an oil price above $130 a barr...


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