Iran’s fiscal breakeven oil price—the one at which the country would be able to balance its budget—is US$194.60 a barrel for 2020, the International Monetary Fund (IMF) said in a report on Monday, in which it lowered its economic growth forecasts for the entire Middle East region. Due to the U.S. sanctions severely constraining Iran’s oil exports, the Islamic Republic would have balanced its budget for 2019 if oil prices were at US$155.60 per barrel, according to the IMF’s estimates in its Regional Economic Outlook…
