Iran feels sanctions pain as oil income slumps
* Iran may see 38 percent drop in oil revenue
* IMF says Iran needs $117 oil to balance books
* Resilience of ordinary people tested by soaring inflation
By Peg Mackey and Alex Lawler
LONDON, June 11 (Reuters) – Iran’s state finances have come
under unprecedented pressure and the resilience of ordinary
people is being tested by soaring inflation as oil income
plummets due to tightening Western sanctions and sharply falling
oil prices.
Tough financial measures imposed by Washington and
Article source: http://in.reuters.com/article/2012/06/11/iran-oil-revenues-idINL5E8H78K120120611