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October 18, 2014 9:16 pm

Iranian Officials Concerned Over Global Oil Price Slump

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Iranian oil tanker. Photo: WikiCommons.

Iranian oil tanker. Photo: WikiCommons.

Los Angeles Times – Iranian officials are expressing new worry over the global oil price slump, which is threatening the country’s budget and could undermine its strategy in international nuclear negotiations.

As recently as Tuesday, Iran’s oil ministry was speaking confidently despite the 20% global price decline, insisting that it wouldn’t affect the budget. Deputy Oil Minister Rokneddin Javadi said the decrease would be “short lived,” an oil ministry information service said.

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