Iran Economy News

Rupee’s plunge prompts refiner to embrace Iran: Corporate India helps

Bloomberg: India is increasing imports of crude oil from Iran as policy makers risk flouting U.S. trade sanctions in their scramble to halt...

US: Iran can’t access much oil income

AP: The U.S. has concluded that nearly half of Iran's monthly earnings from crude oil exports are accumulating in accounts overseas because...

Glencore trades with Iran even as competitors depart

Bloomberg: Glencore Xstrata Plc (GLEN), the largest publicly traded commodities supplier, is conducting business with Iran even as competitors abandon the country,...

Apple eases restrictions on selling products headed to Iran

Wall Street Journal: Apple Inc. said it would begin selling devices to customers who plan to bring them to Iran, following an effort...

China, India raise alumina sales to Iran after sanctions push others out

Reuters: Iran has hiked purchases of alumina from China and India in the past two months as the country scrambles to shore up...

Iran to stop cash handouts to millions of citizens

Bloomberg: Iran will stop paying monthly cash handouts to citizens who don’t need the aid, Shargh reported today, citing a member of parliament....

Iran boosts iron exports to China, India as oil sales slump

Reuters: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at least...

Iran oil minister vows to revive output as he eyes price war

Bloomberg: In his first few days as oil minister in President Hassan Rohani’s new government in Tehran, the 61-year-old initiated plans to revive...

Latest news

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

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

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Ahmadinejad lacks ‘right’ to be oil minister: watchdog

AFP: Iranian President Mahmoud Ahmadinejad has no legal right...

Iran, Pakistan start new talks on gas deal – agency

Reuters: Tehran and Islamabad started a fresh round of...

Iran says Reuters can reopen Tehran bureau: ministry

AFP: Iran has given Reuters news agency permission to...