Iran, Russia Hold Joint Navel Exercise. The Mahdi, Antichrist Truth.
Do You Give of Your Time, Talents, and Finances? Only Jesus Saves!
By: DarrellMyatt1963
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Iran, Russia Hold Joint Navel Exercise. The Mahdi, Antichrist Truth. - Video
Arabic Mesopotamian Language of Iran ACM gnews 9min
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By: Central Asia
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Arabic Mesopotamian Language of Iran ACM gnews 9min - Video
Azeri Southern Language of Iran AZB gnews 9min
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By: Central Asia
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Azeri Southern Language of Iran AZB gnews 9min - Video
Franois Gr sur le 8me tour des ngociations nuclaire Iran/5+1
Franois Gr, Prsident de l #39;Institut d #39;analyse stratgique Paris http://lagazetteonline.blogspot.fr/
By: La Gazette Online
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Franois Gr sur le 8me tour des ngociations nuclaire Iran/5+1 - Video
Iranian officials are expressing new worry over the global oil price slump, which is threatening the countrys budget and could undermine its strategy in international nuclear negotiations.
As recently as Tuesday, Irans oil ministry was speaking confidently despite the 20% global price decline, insisting that it wouldnt affect the budget. Deputy Oil Minister Rokneddin Javadi said the decrease would be short lived, an oil ministry information service said.
But Iranian President Hassan Rouhani, clearly concerned, has directed the oil ministry to seek a meeting of the Organization of Petroleum Exporting Countries cartel next month to discuss propping up the price, Iranian news agencies are reporting.
Crude oil has fallen from over $100 a barrel in spring to under $85 a barrel. About 75% Irans government revenues come from oil sales, and analysts say the country needs an oil price of around $140 a barrel to sustain its budget.
Iranian Vice President Mohammad Nobakht, acting on Rouhanis instructions, told Oil Minister Bijan Zanganeh to seek the OPEC meeting, Iranian news agencies reported.
Rashed Abbasi, head of a study group associated with the oil ministry, is predicting that prices could fall to under $60 a barrel within a year. Bayazid Mardokhi, an economist associated with Iran's reformist camp, said a continuing price slump would force the government to pare its overall budget or reduce planned civil engineering projects.
Oil analysts say it is uncertain how long the decline in prices will last. It has been driven by a slowdown in the economies of China and Europe, coupled with strong supply from the United States and some Middle Eastern countries.
But some analysts speculate that it could reflect a longer-term shift away from petroleum usage. The last long oil price slump lasted from the mid-1980s to about 2000, and strained the economies of oil-dependent states such as the Soviet Union and Iran.
The Iranian economy has been showing some signs of life recently, due to better management and some easing of international sanctions following Irans signing of an interim nuclear deal last November.
Iranian officials have hoped that this new strength could make it easier for Iran to walk away from the international talks over its nuclear program if the West insisted on tough terms for a long-term deal.
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Slumping price of oil has Iran worried about paying it bills