Iranian President Hassan Rouhani facing economic headwinds with oil prices dipping far below the $100 per barrel mark. UPI/President.ir/HO Oil prices have shed more than 40 percent of their June value, trading Friday at a five-year low at $62.69 for Brent, the global price index. In an interview with Shana, the Iranian Oil Ministry’s news website, economist Mahmoud Jaamsaz said Iran needs oil at about twice that level to balance its books. “If the government plans to end the year according to the figures anticipated in the budget and avoid deficit, it should be able to sell oil based on at least $125 per barrel,” he said. Iran is restricted to exports of around 1 million barrels per day according to the terms of a multilateral agreement that offers some sanctions relief in exchange for commitments to curb nuclear research activity. Iran is out more than $35 billion in […]