IRAN

Iran Gives Confusing And Contradictory Response To Sanctions

Iran’s parliament and government have responded to the EU sanctions with threats, contradictory statements and no clear policy on how it will keep its oil revenue flowing. Asian countries, including China, are looking for alternative crude supplies and building strategic reserves. The economic chaos forces import and export firms to trade in Russian roubles, and a gasoline shortage has hit the country, MEES editors...