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Director / Editor: Victor Teboul, Ph.D.
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Falling Oil Prices May Not Pressure Iran, Russia

The global price of oil fell sharply in recent months, providing some benefits to consumers and putting economic pressure on exporting countries, including two that are involved in disputes with the West. But analysts say the impact on those two countries - Iran and Russia - may not be as great as some might expect. Since late June, the price of Brent Crude Oil -- a major benchmark for global oil trading -- has dropped from nearly $115 per barrel to about $77 -- a fall of more than one...


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