Iran Economy News

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...

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,...

Latest news

Iran: At Least 26 Prisoners Executed in One Week

The National Council of Resistance of Iran (NCRI) announced that between July 28 and August 3, at least 26...

The 132nd Week of the ‘No to Execution Tuesdays’ Campaign Across 59 Prisons

In the 132nd week of the "No to Execution Tuesdays" campaign, political prisoners in 59 prisons across Iran launched...

Iraq: Iranian Regime Violated Commitments Regarding Strait of Hormuz

As tensions over maritime security in the Persian Gulf and the Red Sea continue, Iraqi officials said negotiations with...

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Iran’s Statistical Center: Point-To-Point Inflation in July Reached Nearly 88%

Amid Iran's deepening economic crisis and mounting pressure on...

Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in...

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Iran maintains has right to enrich uranium on own soil

Iran Focus: Tehran, Iran, Dec. 30 – Iran maintained...

Iran’s annual inflation rises to 24.2 percent

Reuters: Iran's annual inflation rate jumped by 1.7 percentage...