Will Falling Oil Prices Force Iran’s Hand in the Nuclear Talks?

LOBELOG

BY DJAVAD SALEHI-IFSAHANI

The timing of the fall in global oil prices could not have come at a worse time for the government of Hassan Rouhani in Iran. A decline of 30% in oil revenues, which he noted in a recent speech, severely limits his government’s ability to maintain the modest growth momentum started last year, and weakens Iran’s position in the negotiations over its nuclear program—getting around the sanctions is hard enough with plenty of cash.

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