Iran's president presented a draft state budget of about $39 billion to par...
DUBAI - Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports.
The United States reimposed sanctions with the aim of driving down Iranian crude sales, the Islamic Republic’s main source of revenues, after Washington withdrew last year from a nuclear pact between world powers and Iran. The budget forecasts revenues for oil, gas and condensates falling 40%, leaving a gap it plans to plug by using state bonds and selling state properties.
Unlike Iranian crude, which has distinct characteristics that mean its origin can be traced, the source of refined and other oil products are more difficult to identify.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Washington blacklists Iran-backed Iraqi militia leaders over protestsThe United States on Friday blacklisted three Iran-backed Iraqi paramilitary lea...
Read more »
Iran deal limps on as Europeans delay sanctions blowEuropean powers demanded at talks on Friday that Iran stop violating their nucle...
Read more »
Trump: 'We are very happy' American student was freed from Iran'We're very happy to have our hostage back,' President Trump says. 'Actually, I think it was a great thing for Iran — I think it was great to show that we can do something. It might have been a precursor as to what can be done.'
Read more »
United States and Iran swap prisoners in rare act of cooperationThe United States and Iran each freed a prisoner on Saturday in a rare swap, an ...
Read more »
Iran releases American student in prisoner swap, foreign minister saysAn American graduate student held in Iran since 2016 on suspicion of being a spy has been freed in a prisoner swap
Read more »
Iran frees Chinese American scholar for U.S.-held scientistIn a trade conducted in Zurich, Switzerland, Iranian officials handed over Xiyue Wang, detained in Tehran since 2016, for scientist Massoud Soleimani, who had faced a federal trial in Georgia.
Read more »