Iran Cuts Energy Subsidies

Iran Cuts Energy Subsidies as Sanctions Take Toll

Ladane Nasseri and Caroline AlexanderDec 19, 2010 3:47 am ET

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Dec. 19 (Bloomberg) -- Iran started phasing out energy subsidies and replacing them with cash payments to the poor, under a five-year plan promoted by President Mahmoud Ahmadinejad as an “economic revolution.” More...