TEHRAN (Reuters) - Iran could live with an oil price as low as $5 per barrel, President Mahmoud Ahmadinejad was quoted as saying on Sunday, in comments at odds with the views of the IMF and economic analysts.
Like other major crude exporters, Iran is facing declining revenue as global oil prices have tumbled by two-thirds to $50 per barrel since July amidst a world financial crisis, after years of windfall gains that have boosted reserves.
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