Iran president wants to budget for lower oil price

Iranian President Mahmoud Ahmadinejad on Sunday proposed cutting the oil price on which the next budget is based to protect Iran from “enemies” trying to hurt the economy by lowering international crude prices.

In a televised address to parliament, Ahmadinejad suggested basing the budget on an oil price of $33.70 per barrel for the year starting in March, compared with what he said was a price of $44.10 for the existing budget
Reuters