Iran Economy News

US: Iran can’t access much oil income

AP: The U.S. has concluded that nearly half of Iran's monthly earnings from crude oil exports are accumulating in accounts overseas because...

Glencore trades with Iran even as competitors depart

Bloomberg: Glencore Xstrata Plc (GLEN), the largest publicly traded commodities supplier, is conducting business with Iran even as competitors abandon the country,...

Apple eases restrictions on selling products headed to Iran

Wall Street Journal: Apple Inc. said it would begin selling devices to customers who plan to bring them to Iran, following an effort...

China, India raise alumina sales to Iran after sanctions push others out

Reuters: Iran has hiked purchases of alumina from China and India in the past two months as the country scrambles to shore up...

Iran to stop cash handouts to millions of citizens

Bloomberg: Iran will stop paying monthly cash handouts to citizens who don’t need the aid, Shargh reported today, citing a member of parliament....

Iran boosts iron exports to China, India as oil sales slump

Reuters: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at least...

Iran oil minister vows to revive output as he eyes price war

Bloomberg: In his first few days as oil minister in President Hassan Rohani’s new government in Tehran, the 61-year-old initiated plans to revive...

China’s July Iran crude imports down 12.6 pct on yr – customs

Reuters: China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, data from the General...

Latest news

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Must read

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in...

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Top US lawmakers press Obama on Iran sanctions

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