Protesters in Iran warned of 'decisive' action if unrest continues

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Iran has the world's fourth-largest crude oil reserves but, since the imposition of sanctions, the regime is feeling the pinch.

Iran is home to the world's fourth-largest crude oil reserves and cheap oil is almost seen as a birthright but even this has not saved the economy from difficulty.

When the nuclear deal was put on ice, Iran's rial was trading at 32,000 to $1 but this has worsened to more than 123,000 to $1. Parliamentary elections are due in February and the unrest, the worst since 2017, will be another challenge for President Hassan Rouhani.

 

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