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Could Iran’s Regime Unravel Over a Four-Cent Price Hike?

Could Iran's Regime Unravel Over a Four-Cent Price Hike?

Office of the Iranian Supreme Leader via AP

In mid-November, in a surprise overnight announcement, the revolutionary regime in Iran hiked the price of gasoline. By standards anywhere else in the world, it is still pitifully cheap. A litre of gas increased from eight cents to twelve cents—or to fifty cents per gallon—for the first fifteen gallons each month.

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