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Budget Pressure Unlikely to Deflect Iran From Nuclear Goals

By Clip Syndicate
A big oil price slide will hurt Iran's attempts to rescue battered living standards, but economic pain is unlikely to soften its stance in nuclear talks or end aid to allies such as Syria, matters seen by its ruling clerics as strategic priorities. Experts examining Iran's budget plans for 2015 say, while economic misery due to sanctions and mismanagement has been a reality for years, and social strains in the 76 million population are deep, the clerics will seek to contain them. The largest drop in oil prices since the 2008 financial crisis means more budget pressure for the OPEC member, already bereft of tens of billions of dollars in oil revenue due to Western sanctions and years of economic mismanagement.

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