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Talk of An Oil Worker Strike In Iran

By Perry Rod, Published: June 22nd, 2009 2:23 PM CDT

Reports are coming in from social networking websites that Iranians are attempting to organize a national strike in reaction to the country's disputed election.  A similar event happened in 1979, when Iranian citizens organized against the Shah of Iran, Reza Pahlavi.

Many writers are suggesting that the next move by defeated presidential candidate Mir-Hossein Mousavi will naturally be to encourage an oil industry strike.  Oil revenues account for 80% of the government's incoming budget.  A national strike could prove to be a powerful tool in crippling the establishment forces inside Iran.

Iran exports around 3 percent of the world's crude oil.

Related: OIL, USO, USL

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