An Iranian government spokesman said he expected the share of oil revenue designated in next year’s budget to be down by about 30 percent. The low price of crude oil is pushing economies like Russia’s, which relies heavily on export revenue, toward the brink of recession. Iran historically has been a hawk in the global oil sector, advocating for a price per barrel of around $100. Government spokesman Mohammad Bagher Noubakht said the share of oil revenues in the budget proposed for next year is down by about a third. “Now the government has to try hard to pull two big stones — inflation and recession — out of the bottom of the well,” he said Sunday. Iran is restricted to exports of around […]