Financial planners in Iran need to be prepared for crude oil prices moving potentially below $30 per barrel, the Iranian minister of the economy said. Minister Ali Tayyebnia described the slump in crude oil prices as a fiscal act of war , but stressed the administration of President Hassan Rouhani has been able to control inflation and achieve positive economic growth. “The inflation rate was lowering in Iran, but a [potential] oil price below $30 per barrel is an indication of an all-out war which requires the use of all the country’s capacities to confront it,” he was quoted by the Oil Ministry’s news website SHANA as saying. Iran has been at odds with Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries, […]