Iran Economy News

Iran slashes basmati rice purchases from india

Wall Street Journal: Iran has slashed its purchases of India's basmati rice by around half over the past three months, helping push India's domestic prices...

Oil companies returning to Iran face obstacle in form of Revolutionary Guards

Wall Street Journal: Iran is hoping to lure major oil companies back to invest in its all-important energy sector, but any oil firms that return...

Iran oil exports fall in April, says IEA

Wall Street Journal: Iran's oil exports fell in March having reached a 20-month peak two months earlier, a global energy watchdog said on Thursday, potentially...

Iranian oil minister vows to keep increasing crude exports

Wall Street Journal: Iran vowed to increase its crude exports despite a cap agreed upon with the international community. Responding to a question from on whether...

China may lose out if Iran oil sanctions lifted

AFP: As Western corporations headed for the exits when sanctions took effect and international distrust over Iran's nuclear activities deepened, Summer Lee, an energetic thirty-something...

Iran oil minister rejects export limit from nuclear deal

Bloomberg: Iran will export crude oil at the maximum level possible, regardless of restrictions imposed in an interim deal that offered the country some relief...

The Iranian welfare state and its discontents

Wall Street Journal: "You need to stop the hemorrhage first and foremost before you can do anything else with the patient." So declared President Hasan...

Iran keeps links to Chinese energy companies

UPI: Iranian Oil Minister Bijan Zanganeh last week said a contract with China National Petroleum Corp. for development of the South Azadegan oil field was...

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...

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U.S. Officials Call for Iran’s Regime to Publicly Declare an End to Attacks on Ships in Strait of Hormuz

Reuters reported that senior U.S. officials said on Friday,...

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

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

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Iran says it won’t halt atomic work

Reuters: Iran said on Sunday it would not suspend...

Sadr group to boycott Iraq local elections

AFP: In a fresh blow to Iraq's embattled political...

Recent Iran Protests a Wake-Up Call for Khamenei

According to the state-run Mashregh website, an informed official...