The World Factbook about Iran Iran's economy is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture, and small-scale private trading and service ventures. The strong oil market in 1996 helped ease financial pressures on Iran and allowed for Tehran's timely debt service payments. Iran's financial situation tightened in 1997 and early 1998 because of lower oil prices. Iran may be forced to decrease imports and slow debt repayments if the oil market worsens further.
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