ASSESSMENTS

Iran: The Economy Exposed

Nov 17, 2008 | 20:20 GMT

PATRICK BAZ/AFP/Getty Images

Summary

A large fire broke out at Iran's Tehran Refinery on Nov. 17. Though the extent of the damage to the refinery is still unclear, the incident comes at a time when Iran's refining sector is already faltering and falling oil prices are cutting deep into the country's oil income, highlighting both a threat to Iran's economic stability and an opportunity for rivals of the Islamic Republic.

A fire at the Tehran Refinery on Nov. 17 underscores the fragility of Iran's economy....

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