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Iran battles coronavirus amid dramatic slump in oil income
Al-Monitor ^ | March 31, 2020 | Al-Monitor Staff

Posted on 03/31/2020 1:20:33 PM PDT by BeauBo

The global oil market was rattled by the coronavirus pandemic, which has slashed international demand for crude. The damage to Iran, the world’s fifth largest oil producer, has been particularly disruptive. The price of Iranian heavy crude fell below $14 per barrel March 31 — not good news for a government that has based its fiscal budget on the rate of $50 per barrel...

To curtail the epidemic, Iran is currently practicing social distancing amid its new year holidays. The measures come at a time when an unspecified number of Iranians are already traveling, as the government initially refused to impose strict bans...

Nevertheless, a perceived failure to robustly implement those bans in some areas continues to draw criticism. Aziz Akbarian, a member of the Iranian parliament, claimed foreign pilgrims are still touring the holy city of Qom, the epicenter of the virus in Iran. The government’s belated containment measures have also fueled worries about an infection backlog caused by new transmissions as travelers return to their hometowns, further exacerbating the situation.

(Excerpt) Read more at al-monitor.com ...


TOPICS: Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: oil
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To: Czech_Occidentalist

Am I google?


21 posted on 03/31/2020 3:35:34 PM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and so few by deceit. Noel Coward)
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To: polymuser
Mohammad Nahavandian

any relation?


22 posted on 03/31/2020 3:38:47 PM PDT by nascarnation
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To: nascarnation

Nohavanidea.


23 posted on 03/31/2020 3:55:29 PM PDT by polymuser (It's discouraging to think how many people are shocked by honesty and so few by deceit. Noel Coward)
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To: Billthedrill

Here’s hoping.


24 posted on 03/31/2020 5:28:11 PM PDT by meatloaf
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To: BeauBo

Ya know America is famous for it’s forever helping attitude?
Hey Iran, F-YOU pAL.


25 posted on 03/31/2020 8:26:09 PM PDT by Joe Boucher ( Molon Labe' Baby, Molon Labe)
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To: Thunder90

We don’t need to do a thing. They will boil over on their own.


26 posted on 04/01/2020 4:24:41 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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