Iran Economy News

Iran central bank eliminates cheaper dollar rate: reports

Reuters: Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, ...

U.S. says oil market can cope with more Iran export cuts

Reuters: The top U.S. energy official said world oil markets could cope with further cuts in Iran's oil exports from tighter sanctions over...

Sony reports tech sales to Iran that may violate sanction

Bloomberg: Sony Corp. said it sold almost $13 million in video and medical equipment to dealers in Dubai that resold the gear in...

Oil imports from Iran double in Japan despite Western sanctions

Bloomberg: Japan’s crude imports from Iran more than doubled in May from a year earlier despite sanctions against the Persian Gulf country. Crude ...

More economic turmoil in Iran after presidential election

Financial Times: Iran is suffering a new round of economic instability after the unexpected victory of moderate president-elect Hassan Rohani earlier this month. Although...

South Korea pledges 15 percent cut to Iran oil imports: sources

Reuters: South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next...

Georgia says it froze Iranians’ accounts

Wall Street Journal: The Georgian government froze approximately 150 bank accounts tied to Iranian businesses and individuals in order to comply with United...

Mitsubishi-UFJ to pay $250 million to N.Y. regulator

Bloomberg: Bank of Tokyo Mitsubishi-UFJ agreed to pay $250 million to the state of New York to settle claims it transferred billions of...

Latest news

How Do the Children of Iranian Regime Officials Manage Smuggled Wealth?

Sky News published a report on April 19 about the children of Iran's ruling elites, who are known as...

The Collapse of Livelihoods in Tehran; Housing Rent Has ‌Become a Nightmare

An examination of rental listings in Tehran’s Districts 4 and 5 shows that the average asking rates in April...

Iran’s ‘No To Executions Tuesdays’ Campaign Marks 117th Week

On Tuesday, April 21, the "No to Executions Tuesdays" campaign entered its 117th week. On this occasion, prisoners participating...

Must read

Iran’s Regime Prioritizes Its Repressive Apparatus over People’s Lives During Ceasefire

The state-run Tabnak media outlet published a piece on...

Internet Shutdown in Iran: 48 Days of Blackout and $80 Million in Daily Losses

With the continued widespread disruption in internet access, the...

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EU says Iran stalling on nuclear talks

Reuters: Iran is stalling on fixing a date and...

Some fund managers see oil falling to $60 without OPEC cut

Source: Ruters LONDON – Some commodity fund managers believe...

Rafsanjani promises cash handouts in Iran election bid

AFP: Moderate conservative presidential candidate Akbar Hashemi Rafsanjani has...