Daily Israel Report
14:10
Reported

News Brief

  4/25/2014, Nissan 25, 5774

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.