You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Syria-Lebanon-Iran
Iran hit hardest as oil price war, cornavirus cripples nation
2020-03-10
[FOXNEWS] The one-two punch of coronavirus and an escalating oil price war that is roiling world markets is hurting one country more than any other: Iran.

Already dealing with a deadly outbreak, the Islamic Theocratic Republic, heavily dependent on oil revenues, is in no position to deal with the lowest per-barrel prices seen in decades.

"$20 oil in 2020 is coming," tweeted Ali Khedery, a former U.S. official in Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan, the abbreviation IRGC is a cognate form of Stürmabteilung (or SA), the term Supreme Guide is a cognate form of either Shah or Führer or maybe both, and they hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
and onetime Middle East expert with Exxon. "Huge geopolitical implications. Timely stimulus for net consumers. Catastrophic for failed/failing petro-kleptocracies Iraq, Iran, etc. - may prove existential 1-2 punch when paired with COVID19."

Iran's oil exports, its main economic lifeline, have been under siege for quite some time. Experts say the escalation of the global price war between Soddy Arabia
...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
, the world's top exporter, and Russia could cripple many nations outside Saudi Arabia, with Iran topping the list.

Oil prices have plunged 30 percent, the largest one-time drop since the 1991 Gulf War. Now, with oil trading around $30 a barrel, many experts say the price isn't one Iran can survive on.

Iran furloughs 70,000 prisoners as it battles virus
[PRESSTV] Judiciary Chief Ebrahim Raeisi says Iran
...a theocratic Shiite state divided among the Medes, the Persians, and the (Arab) Elamites. Formerly a fairly civilized nation ruled by a Shah, it became a victim of Islamic revolution in 1979. The nation is today noted for spontaneously taking over other countries' embassies, maintaining whorehouses run by clergymen, involvement in international drug trafficking, and financing sock puppet militias to extend the regime's influence. The word Iran is a cognate form of Aryan, the abbreviation IRGC is a cognate form of Stürmabteilung (or SA), the term Supreme Guide is a cognate form of either Shah or Führer or maybe both, and they hate Jews Zionists Jews. Their economy is based on the production of oil and vitriol...
has temporarily released around 70,000 prisoners in order to prevent a further spread of the new coronavirus.

"Prisoners will continue to be furloughed as long as [this measure] does not interfere with the society’s security," Raeisi told judicial authorities on Monday. "The priority lies with those who have underlying health conditions," he added.

The chief justice said Iran’s judicial apparatus has also prioritized processing the cases of individuals charged with hoarding hygiene products and other medical requirements amid the country’s efforts to curb the outbreak.

"The hoarders will be tried earlier than they are due in open courts, and the hoarded items will soon be distributed throughout the nation," he said.

The novel coronavirus, which first emerged in the central Chinese city of Wuhan, has killed more than 3,800 people and infected over 108,000 others in at least 95 countries.


Posted by:Fred

#8  Inshalla
Posted by: Hellfish   2020-03-10 12:28  

#7  The Mask of Wuhan-Flu.
Posted by: swksvolFF   2020-03-10 11:18  

#6  Allow me to shed a tear for them.
Posted by: DarthVader   2020-03-10 10:33  

#5  Allan works in mysterious ways.

Well that and the 'Essential Oils' for their posteriors.
Posted by: Mullah Richard   2020-03-10 09:48  

#4  Funny how it appears to be hitting the elites hardest.
Allan works in mysterious ways.
Posted by: Lex   2020-03-10 09:16  

#3  The corona virus has been recognized in every Iranian province. Estimates of cases now exceeds 10,000.
Posted by: b   2020-03-10 09:12  

#2  ..and Trump economic sanctions.
Posted by: Procopius2k   2020-03-10 06:57  

#1  
Posted by: g(r)omgoru   2020-03-10 02:34  

00:00