Iran Economy News

Iran oil exports fall 36 percent on China port delays, IEA says

Bloomberg: Iran exported 36 percent less crude last month than it did in May because of blockages at ports in China, the Islamic...

Iranian oil field slated for upgrade

UPI: Production from an oil field in the Strait of Hormuz should increase to 30,000 barrels per day because of upgrades, the Iranian...

Iran involved in $3.5 billion of hydro water works, Times says

Bloomberg: Iran is implementing hydropower project water works abroad valued at $3.5 billion, Tehran Times reported, citing Iranian Deputy Energy Minister Alireza...

Iran not to import wheat from India on disease concern

Indiatimes: Iran will not import wheat from India on apprehensions over presence of a fungal disease in the grain. Iran has informed the...

Iran to exempt foreign investors from taxes, Tehran Times says

Bloomberg: Iran will try to lure foreign investors with tax exemptions ranging as high as 100 percent, Iranian Deputy Economy Minister Behrouz Alishiri...

Iran central bank eliminates cheaper dollar rate: reports

Reuters: Iran's central bank has eliminated a subsidized, cheaper rate for foreign currency and reported a weaker official rate in its place, ...

U.S. says oil market can cope with more Iran export cuts

Reuters: The top U.S. energy official said world oil markets could cope with further cuts in Iran's oil exports from tighter sanctions over...

Sony reports tech sales to Iran that may violate sanction

Bloomberg: Sony Corp. said it sold almost $13 million in video and medical equipment to dealers in Dubai that resold the gear in...

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

Iranian Regime’s Iraqi Proxy Groups in the Trap of Arrest and the Law

Following the arrest of one of the Iranian regime's...

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,...

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Iran's president Hassan Rouhani says even if Covid vaccine...