Iran is less squeezed by the low price of oil than other export-dependent nations because of budgetary moves away from energy, the country’s president said. Iranian President Hassan Rouhani said the budget for the current Iranian year, which started March 21, is the least dependent on oil revenue ever for the country. Crude oil prices are robbing major exporters like Russia of revenue, though Iran’s president said his country was largely shielded from those constraints. “All oil exporting countries, even those who plotted for an oil price decline, are facing problems due to this issue and our problems might be even less than this group,” he said. Valiollah […]