Iran: Oil Price Plunge Part Of ‘Conspiracy’ Against Islam

Energy analysts will tell you that the recent drop in crude oil prices is due to booming production and slowing economic growth in Europe and Asia. But Iranian President Hassan Rouhani says it’s part of a larger conspiracy.

“The fall of the oil prices is not just something ordinary and economical, this is not due to only global recession,” Rouhani said during a cabinet session on Wednesday, according to Reuters.

“The main reason for it is (a) political conspiracy by certain countries against the interest of the region and the Islamic world and it is only in the interest of some other countries,” Rouhani said.

Though Rouhani did not blame any particular country, Islamic hardliners have blamed Saudi Arabia, their chief rival. Rouhani, however, has steered clear from blaming the Saudis for conspiring to hurt Iran with low oil prices.

Iran has been hit hard by falling oil prices. With oil below $70 per barrel, prices are not high enough to fund Iran’s government activities. According to previous Reuters data, Iran needed crude oil prices to be at least $136 per barrel in 2013 to pad its finances. For 2014, Iran reportedly needs crude oil prices to be around $100 per barrel…

Some have theorized that Saudi Arabia has allowed the price of oil to fall in order to drive US shale companies out of business. But I suppose it could be directed against Iran. Or why not both?

The one thing it is NOT is a conspiracy against Islam.  More Iranian lunacy. 

  • Ron MacDonald

    Venezuela will be the first domino to fall due to the falling price of oil.

    • ☭ Vladimir Putin ☭

      Ukraine was the first domino to fall.

      • Frau Katze

        Watch out, Vlad, you’re vulnerable on oil prices, too!

        • ☭ Vladimir Putin ☭

          Russia is not just an oil power. We are also a vodka power.

  • Just a thought

    “conspiracy against islam”

    No, but it is working out nicely, though.

  • Saudi oil barons have entrenched wealth. Shale gas producers do not.

    Did that occur to the Iranians?

    • Minicapt

      With 2500 years of civilised glory backing them, the Iranians are beyond mere ‘occurrences’.


    • Frau Katze

      The current regime sees conspiracies everywhere. I’ve read several books by people who’ve done jail time there (and not for committing anything recognized in the West as a crime). This one woman, they kept demanding she pass on the details of the current US plan to bring down the mullahs.

      • This is what happens when one’s country becomes a mad theocratic state.

  • Jay Currie

    No question: Islam is beating Islam over the head and the loser gets Iraq.

  • Sir Barrington Minge

    It’s fascinating to watch these mooslims twisting everything to prove that they are victims. What a sad bunch they are, really sad.

    • Etobicoke Gladiator (EG)

      I’m reporting you to CAIR immediately! *sarc*

      • Barrington Minge

        Go have clearly mistaken me for someone who gives a toss.

  • Hard Little Machine

    Yes that was me and the international Jewish banking conspiracy. Didn’t you get the memo?

  • Raymond Hietapakka

    The Space Jews have given The Mole People the secret fracking technology. They are now hiding amongst the gophers in North Dakota, working covertly in the Bakken Shale…

  • Steve