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  Nissan 25, 5774 , 25/04/14

Iran Cuts Gas Subsidies, Hikes Prices By 75%

Iran cut state subsidies on gas Thursday night at midnight, causing fuel prices to shoot up by 75%. The move to save the Islamic Republic's failing economy amid nuclear negotiations will be hard-received, as nearly a quarter of Iranians are unemployed.

Other archived news briefs:Apr 25 2014, 02:10 PM, 4/25/2014