BREAKING NEWS

Rouhani: Iran should diversify economy even if oil rises

By REUTERS

FEBRUARY 2, 2016 18:44

Updated: FEBRUARY 2, 2016 18:43

The fall in oil prices has put pressure on Iran, but there is also opportunity, Iranian President Hassan Rouhani said on Tuesday, urging diversification in the economy.

"Of course the fall in oil prices has put pressure on us, but besides that we can see an opportunity," he said in an interview aired on state TV.

He said the economy should become less reliant on oil and look to other industries for revenue. "Even if the oil price rises, we should rely more on non-oil exports," he said.

Citing the country's supreme leader, he also added that most of Iran's problems were internal and not caused by sanctions.

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