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Global oil price fall political scenario: President Rouhani

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Iran’s President Hassan Rouhani has warned that the current drop in global crude prices is not simply an economic issue, but rather a political plot by some countries.

 

 President Rouhani at his cabinet meeting on Wednesday said: “The fall in crude price is not merely an economic issue. Rather, it is caused by a plot and political planning by certain countries.”

He added: “The oil price drop is a plot against the regional people and Muslims which merely benefits some other countries.”

President Rouhani warned that the regional people will always remember such moves, and those behind the plot will be most hated in the Muslim world.

He assured the Iranian nation that the administration is capable of running the country based on the current level of crude price and described the present circumstances as an opportunity to reduce the dependency of the country's budget on oil revenues.