Iran says new budget bucks US oil embargo, uses Russian loan

Iran says new budget bucks US oil embargo, uses Russian loanIran’s president said on Sunday his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. trade embargoes. Iran is in the grips of an economic crisis. The U.S. re-imposed sanctions that block Iran from selling its crude oil abroad, following President Trump’s decision to withdraw from Tehran’s 2015 nuclear deal with world powers.



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