Iran's oil income drops by 30%
Iran’s oil revenues have plunged by 30 percent due to a recent fall in crude prices in the global market, Iran’s President Hassan Rouhani said, according to Press TV’s report on Thursday.
The oil-rich country of Iran should be prepared to deal with ” the new conditions” in the market, Rouhani said addressing a Majlis (parliament) session on Wednesday.
Economic issues have never been the only determinants of oil prices, as “politics and global plots” have often had a significant role as well, he was quoted as saying. Oil has remained the main source of income for Iran.
According to the report, Iran has slashed its crude price in an attempt to attract Asian customers following the recent slump in the oil prices.