Site Search
Google Search
search button

Breaking News:

Democrats Reject Trump's Newest Shutdown Offer     - | -     Trump Targets Shutdown With Immigration Offer, Democrats Call It Inadequate      - | -     'Yellow Vests' March Through Paris In 10th Weekend of Protests     - | -     Trump To Offer Immigration Deal For Wall Funding     - | -     Michael Cohen Confirms Wall Street Journal Account Of Poll Rigging For Donald Trump     - | -     Pipeline Explosion Kills 66 People In Mexico     - | -     North America’s Glaciers Are Melting Four Times Faster     - | -     GOP Congressman Invokes 'The Deep State'
Iran's Economy to Suffer But Likely Ride Out U.S. Sanctions Storm
Get International News Alerts

viewsViews 136
8 Nov 2018 06:00 PM EST

According to Reuters, analysts have said that Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown. A European diplomat said that “Iran’s situation is better than pre-2016 because of high oil prices and the fact that the U.S. is isolated this time." The situation comes after US President Donald Trump reimposed far-reaching U.S. sanctions in phases, with the most damaging oil and banking penalties taking effect on November 5.

Post Your Comment
Excellent Very Good Good Fair Poor



Recently Posted Comments
FREE
AllMediaNY AllMediaNY AllMedaiNY