Middle East
Iran hit by oil embargo and 'mismanagement'
While EU and US sanctions are taking effect, some Iranians also blame Tehran's economic mismanagement for rising prices.
Last Modified: 31 Jul 2012 20:30

In the month since a European oil embargo on Iran took effect, the people of the Islamic Republic say the economic restrictions are having an impact on them financially.

Analysts describe the oil sector as Tehran's Achilles heel and the sanctions, along with new ones from the US, have placed a particular strain on the country. 

Exports have fallen nearly 40 per cent since the start of 2012.

However, opponents of Mahmoud Ahmadinejad, the Iranian president who has less than a year left in his second term in office, say rising prices are a result of poor economic mismanagement by Tehran itself.

Al Jazeera's Soraya Lennie reports.


Al Jazeera
Topics in this article
Featured on Al Jazeera
Swathes of the British electorate continue to show discontent with all things European, including immigration.
Astronomers have captured images of primordial galaxies that helped light up the cosmos after the Big Bang.
Critics assail British photographer's portrayal of indigenous people, but he says he's highlighting their plight.
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
No one convicted after 58 people gunned down in cold blood in 2009 in the country's worst political mass killing.
While hosting the World Internet Conference, China tries Tiananmen activist for leaking 'state secrets' to US website.
Once staunchly anti-immigrant, some observers say the conservative US state could lead the way in documenting migrants.
NGOs say women without formal documentation are being imprisoned after giving birth in Malaysia.
Public stripping and assault of woman and rival protests thereafter highlight Kenya's gender-relations divide.