Iran’s crude-oil sales have been battered by a sudden downturn in demand from its last big trading partner, China, following the deadly coronavirus outbreak, U.S. and Iranian officials said, a blow that lands as the Islamic Republic faces the risk of an economic collapse.Read more here.
In addition to declining oil sales, turmoil in China also is disrupting the supply of spare parts and cheap goods Tehran needs for its factories and bazaars.
Sunday, February 16, 2020
Iran near financial collapse?
Benoit Faucon in London and Gordon Lubold in Washington report in the Wall Street Journal,
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