Iran Economy News

Saudi Arabia acts to slow Iran’s oil exports – FT

London, 4 Apr - Saudi Arabia has taken steps to slow Iran’s efforts at increasing oil exports, banning vessels that transport Iranian crude from...

Oil prices sink below $35 on fears of more Iran oil – CNN

Oil is getting close to crumbling below levels not seen since the financial crisis. Prices slid to $34.53 a barrel on Monday morning, CNN...

Foreign insurers look cautiously at Iran after nuclear deal

London, 26 Jul - Western and Middle East insurance specialists see Iran as an appealing $8 billion (£5 billion) market in the wake of...

Saudi Oil Policy, still at the top

Saudi King Abdullah bin Abdul Aziz died on 23rd of January, weeks after he was admitted to a hospital. Abdullah, who had ruled since...

Oil prices retreat again as Iraq schedules record exports

Reuters - Oil prices resumed their move downwards on Thursday, as Iraq planned a further jump in exports for February, with both Brent and...

Iran runs out of money for 2,700 infrastructure schemes

Source: GCR Work on some 2,700 infrastructure projects in the Islamic Republic of Iran has been halted as a result of funding shortfall caused...

Oil Prices Fall to Lowest Since 2009

Source: The New York Times HOUSTON — Oil prices took another sharp turn downward on Monday to levels not seen since the depths of...

Iran out billions of dollars in oil revenue

Source: UPITEHRAN, Jan. 12 (UPI) -- A decline in oil exports, largely because of Western economic sanctions, has cost the Iranian economy more than...

Latest news

Protests Expand Across Iranian Cities, From Retirees and Workers to Students and Bakers

As the livelihood crisis, inflation, rising prices, and economic discontent continued to deepen, cities across Iran witnessed protests and...

IRGC Announces Closure of Strait of Hormuz After Firing on a Ship

While the United States had demanded that the Iranian regime confirm that the Strait of Hormuz would remain open,...

Third Round of U.S. Strikes Against Iran’s Regime After IRGC Closes Strait Of Hormuz

The United States Central Command (CENTCOM) announced that U.S. forces have launched the third round of strikes against the...

Must read

Iran’s ‘No To Executions Tuesdays’ campaign Enters Its 128th Week

On Tuesday, July 7, the "No To Executions Tuesdays...

Oil Tanker Attacked Near the Strait of Hormuz

The United Kingdom Maritime Trade Operations (UKMTO), a British...

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Iran detainees tortured, beaten to death: Karroubi

AFP: Iranian opposition leader Mehdi Karroubi has charged that...

Iran president sees Israel ‘disappearing’

UPI: Iranian President Mahmoud Ahmadinejad says Israel is an...