Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Struggling under the weight of harsh international sanctions, the global oil price slump since mid-2014 has made Iran’s economic plight ever more desperate.
Iran this week raised domestic gasoline prices by 40%, and those for gas to households, commercial consumers and state-institutions by 15% as part of the cash-strapped government’s latest efforts to both ease pressure on the budget, and shore up the country’s strained public finances.
The 45% fall in global oil prices since mid-2014 has only served to exacerbate problems for Iran, which had already been facing serious economic challenges as a consequence of serial mismanagement, corruption, and years of crippling US and EU sanctions over its nuclear program.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE