Iran Economy News

Easing sanctions no easy goal for Iran’s president

AP: Near Iran's border with Iraq, work crews are putting finishing touches on a petrochemical plant expected to pump out hundreds of tons...

Britain pushing to ease sanctions on BP gas field

Reuters: Britain could be close to agreeing a deal to ease sanctions that have stopped gas production from the North Sea's Rhum field,...

S.Korea’s Aug Iran crude imports down to a third of July -customs

Reuters: South Korea's Iranian crude oil imports fell in August to a third of those a month earlier, helping Seoul to close in...

Dubai’s non-oil trade with Iran shrinks 12 pct in H1

Reuters: Dubai's non-oil trade with Iran shrank 12 percent in the first half of 2013, a sign that Western sanctions continue to inflict...

Iran may spoil govt’s plan to curtail dollar dependence

Business Standard: Petroleum Minister M Veerappa Moily's grand plan to support the economy by lowering dollar outflows on account of the country's crude...

Iran oil-export capacity seen rising 6.4% in ship-tracking data

Bloomberg: The combined carrying capacity of oil tankers leaving Iranian ports last month rose 6.4 percent from July, vessel-tracking data compiled by ...

Iran cancels barter deal for wheat

DAWN.com: Iran has scrapped its barter trade deal with Pakistan for purchase of one million tonnes of wheat. The first shipment of 30,000...

US exempts EU nations from Iran oil sanctions

AP: The U.S. said Friday it was granting six-month sanctions exemptions to 10 European countries so they can restart imports of Iranian...

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U.S. Treasury Targets Khamenei-Linked Financial Network

The U.S. Department of the Treasury sanctioned Ali Ansari, an individual linked to a network of exchange houses and...

Sharp Increase in Bread Prices in Iran

For years in Iran, it was commonly said that even if people could no longer afford meat, chicken, dairy...

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, July 10, that Washington has asked Iran's regime to formally...

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US and Iranian Regime Exchange Escalating Military Strikes

Tensions between the United States and the Iranian regime...

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Iran’s Oil Production Declines, OPEC Reports

The Organization of the Petroleum Exporting Countries (OPEC) has...

Quake hits northwestern Iran

AFP: An earthquake rocked northwestern Iran on Sunday, state...