Iran Economy News

Iran’s Oil Sector Close to Collapse

By Pooya Stone It has been reported in Iran that the National Iranian Oil Company’s (NIOC) owed almost $50 billion at the end of...

US Sanctions Iran Petrochemical Industry

By Jubin Katiraie The US Treasury’s Office of Foreign Assets Control has placed Iran’s petrochemicals industry on its anti-terrorism sanctions list, which deals a...

World Bank Predicts a Worse Recession for Iran

By Jubin Katiraie The World Bank is now predicting that Iran will experience a worse recession in 2019 than was previously thought, as US...

May Crude Exports of Iran Sharply Slide to 400,000 Bpd

London, 31 May - As a result of U.S. sanctions, Iranian crude exports have fallen abruptly in May to around 400,000 barrels per day...

U.S. Warns Europe Over Swift-Evading Iran

By Jubin Katiraie According to Bloomberg, the Treasury Department’s undersecretary for terrorism and financial intelligence, Sigal Mandelker, sent a letter on May 7 warning...

The Dire Effects of Sanctions on Metal for the Iranian Economy

Iran Focus London, 16 May - US President Trump issued an executive order on Wednesday, May 8th, “to impose sanctions with respect to Iran’s...

Iran Oil Exports Continue Downward Spiral

By Pooya Stone Iran’s trade figures with Europe’s biggest economy are shrinking and its key oil exports are faltering. According to Bloomberg, crude oil...

The Crisis Facing Iran Once Its Oil Exports Reduced to Zero

By Mehdi While supporters of the Islamic Republic, as well as critics of Trump’s policies toward Tehran, are doubtful about the achievability of the...

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Veteran War Commander Takes Over Iranian Regime Security Council

Mojtaba Khamenei, the supreme leader of the Iranian regime, appointed Mohsen Rezaei as his representative to the Supreme National...

Fresh Warning Over Continued IRGC Attacks on Commercial Shipping

The Joint Maritime Information Center (JMIC) said that attacks and harassment by Iran's Islamic Revolutionary Guard Corps (IRGC) against...

Iranian Regime Sets New Conditions for Reopening the Strait of Hormuz

While Iranian regime officials announced progress in Iran-Oman negotiations over shipping routes through the Strait of Hormuz on Saturday,...

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The Pressure of Growing Cost of Living on Iranian Families

The livelihood challenges facing the Iranian people have forced...

Fresh Warning Over Continued IRGC Attacks on Commercial Shipping

The Joint Maritime Information Center (JMIC) said that attacks...

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Iran’s leader condemns West for not making nuclear concessions

Reuters: Iran's supreme leader criticized Western powers on Thursday...