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‘Oil-Rich' Iran Imposes Fuel Rationing as U.S. Sanctions Bite


Added 11-16-19 02:38:02pm EST - “Oil rationing, fuel price hike trigger anti-regime protests across Iran” - Legalinsurrection.com

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Posted By TheNewsCommenter: From Legalinsurrection.com: “'Oil-Rich' Iran Imposes Fuel Rationing as U.S. Sanctions Bite”. Below is an excerpt from the article.

The Iranian regime imposed rationing on gasoline and raised the price of fuel substantially as U.S. sanctions hit the state-controlled economy. The sudden announcement triggered anti-regime protests in several parts of the country, Reuters news agency reported.

Tehran “abruptly raised gasoline prices as much as 300 percent early Friday and imposed a strict rationing system, and within hours protests erupted across the country with angry crowds calling for the ouster of President Hassan Rouhani,” the New York Times confirmed.

The massive fuel price hike and strict rationing comes as President Donald Trump’s administration pushed ahead with the strategy of “maximum pressure” against Tehran. The President pulled the United States out of the Obama-era nuclear deal with Iran last year, reinstating sweeping economic sanction on the Islamic regime.

With sanctions crippling regime-controlled oil, shipping, and banking sectors, the Iranian economy is expected to shrink by almost 10 percent in the current year, the D.C.-based International Monetary Fund (IMF) projects.

Iran’s state news agency is reporting that authorities have imposed rationing and increased the prices of fuel.

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