Iran Economy News

Textile exports to Iran set for a rupee push

The Hindu: Textile exporters have spotted an opportunity in the crisis in India-Iran trade caused by sanctions on the latter by the West. The...

HPCL slams door on Iran for crude oil imports

The Hindu: In a sign that Western sanctions weigh heavily on it, Hindustan Petroleum Corporation Limited (HPCL) has virtually slammed the door on Iran...

Iran offers sovereign cover for vessels, Indian refineries

Indian Express: With India refusing to provide a sovereign guarantee to refineries processing Iranian crude, Iran has stepped in to back Iranian insurance...

Thailand sells 250,000 tonnes of rice to Iranian government

Business Recorder: The Thai government has signed a contract to sell 250,000 tonnes of rice from its stocks to Iran in a government-to-government...

Renault profits plunge on Iranian charge

AFP: French auto group Renault reported a profit plunge on Friday owing to charges for halting its activities in Iran and for ...

Iran needs higher oil price for 2013 budget, Apicorp says

Bloomberg: Iran needs the highest oil price among OPEC members to balance its 2013 budget, according to an inter-governmental Arab energy lender. Iran...

Renault may scale back in Iran

Wall Street Journal: French car maker Renault SA, one of the last large European companies still active in Iran, is considering winding down...

Iran inflation accelerates, poses headache for Rouhani

Daily Star: Iran’s inflation rate surged to 45 percent in June, official data showed, adding pressure on squeezed Iranian households and an indication...

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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US and Iranian Regime Exchange Escalating Military Strikes

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

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Two trains collide in Iran’s capital Tehran

Sky News: A passenger train has collided with another...

Iran to probe alleged death of a jailed blogger

AP: Iran's parliament announced Sunday it would probe reports...

EU, Iran Clash Over Terms of Nuclear Freeze

Reuters: Iran is seeking exemptions from a deal to...