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Event Brief

Iran raises petrol prices as sanctions force costly imports

Tehran cuts fuel subsidies as energy crisis worsens in oil-rich country.
WHO: Iranian government
WHAT: Increased petrol prices and subsidy cuts
WHEN: Dec 12, 2025 at 7:00 PM ET
WHERE: Tehran, Iran
WHY: To address the worsening energy crisis due to sanctions
Sources (1): Financial Times

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