Iran Economy News

Commander: Iran’s armed forces ready to withdraw from economic activities

Trend: Iran's Armed Forces are ready to withdraw from economic activities, Chief of the General Staff of the Armed Forces of Iran, ...

Iran oil-tanker owner seen expanding fleet by IHS amid sanctions

Bloomberg: NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions related to the...

India’s IOC aims to cut oil imports from Iran by 23.4 pct in 2013/14-Minister

Reuters: Indian Oil Corp, the country's biggest refiner, aims to import 23.4 percent less oil from sanctions-hit Iran in the fiscal year ...

Oil dips toward $106 after Iran gets new president

AP: The price of crude fell Tuesday as the swearing-in of a new leader in Iran raised hopes for less tension between the...

Iran wheat imports seen sliding by UN amid increased stockpiles

Bloomberg: Iran’s wheat imports may drop by 67 percent this season amid ample stockpiles in the country and increasing production, the United Nations’...

Welspun Maxsteel pleads to RBI against ‘illegal’imports from Iran

Economic Times: A leading domestic manufacturer of sponge iron has written to the central bank asking it to look into what it...

Saudi crude exports to U.S. rose in 2012, Iran sold more to Asia

Bloomberg: Saudi Arabia’s shipment of crude oil to the U.S. rose last year and Iran boosted Asian shipments to counter falling sales to...

Iran to take Chinese subway cars for oil

AP: A senior Iranian official says the country has ordered 315 subway cars from China in place of payment for oil that can't be...

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...

Must read

New Uncertainty Surrounding Iran’s Underground Nuclear Facilities

According to the latest assessment by the U.S.-based Institute...

Iran’s July 9 Student Uprising Mark 27th Anniversary

Twenty-seven years have passed since July 9, 1999, when...

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French finance group wary of Iranian banks

New York Times: In a boost to the American-backed...

Merkel, Putin to discuss Iran in Siberia next week

Reuters: German Chancellor Angela Merkel and Russian President Vladimir...

The MEK and Its Popularity in Iran

Iran Focus London, 25 Jan - One persistent myth...