Iran has officially stated panic about their decreasing oil prices. This is a great worry for their economy since this is where 75% of their budget comes from selling oil. Some say this will affect budget greatly but others say it will have little to none. In the past, there have been other oil downfalls. In the 1973 oil crisis, the barrel price was raised from $3 a barrel to $12 a barrel. On the other hand, the price in Iran today for a single barrel has fallen from $100 to $85. Rashed Abbasi, the head research for a Petroleum Ministry expressed his concern about the plunging prices going as far down as $60 a barrel. An economist named Bayazid Mardokhi declared her agreement, saying that this decline would cause Iran to have to reduce their budget and cannot participate in civil engineering projects. In the past, there have been long term affects. In the mid 1980s until the 2000s, the economies of oil dependent states such as Iran and the Soviet Union had a very strained budget. The economy was stable from resolved political affairs and the signing of a nuclear agreement was made in November to walk away from nuclear deal if the west agreed upon it, but the downfall of the economy in oil prices caused less talks about the issue and shacked middle class Iranians. This concern worried Iran supreme leader Ayatollah Ali and the leader of Iran's Revolutionary Guard Corps (IRGC) who control almost all of the economy but the nation want to sanction against the west with a "resistance economy.  The organization of the petroleum exporting countries (OPEC) might agree with supporting to boost prices and all of 40% of world oil supply That is divided And Iran enemy Saudi Arabia Is prepared to see oil prices scale down. Examiners perceive that the market shareable hold and weaken American shale producers, which need more money to pay for extraction of oil. This has happened in history multiple times as gas prices going up and down but a