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declining oil prices

Iran-oil-sanctions

Iran’s oil sanctions are just beginning to hurt

Oil revenue in the Islamic Republic may have fallen by nearly one third, or $35 billion, on the back of a slowdown in exports and declining prices. With U.S. sanctions set to tighten and China's apparent readiness to go along, Tehran's budget could be thrown deep into the red, says Una Galani

June 13, 2012 5:47