Iran Economy News

Oil imports from Iran double in Japan despite Western sanctions

Bloomberg: Japan’s crude imports from Iran more than doubled in May from a year earlier despite sanctions against the Persian Gulf country. Crude ...

More economic turmoil in Iran after presidential election

Financial Times: Iran is suffering a new round of economic instability after the unexpected victory of moderate president-elect Hassan Rohani earlier this month. Although...

South Korea pledges 15 percent cut to Iran oil imports: sources

Reuters: South Korea has pledged to the United States that it will cut imports of Iranian crude by 15 percent in the next...

Georgia says it froze Iranians’ accounts

Wall Street Journal: The Georgian government froze approximately 150 bank accounts tied to Iranian businesses and individuals in order to comply with United...

Mitsubishi-UFJ to pay $250 million to N.Y. regulator

Bloomberg: Bank of Tokyo Mitsubishi-UFJ agreed to pay $250 million to the state of New York to settle claims it transferred billions of...

As sanctions bite, Iranians invest big in Georgia

Wall Street Journal: Economic sanctions against Iran have made it increasingly hard for Iranians to do business abroad. But Iranian businessmen are flocking...

Economy not for donkeys as crisis tops Iran voter concerns

Bloomberg: Decades after Ayatollah Ruhollah Khomeini dismissed it as an asinine matter following the Islamic Revolution in 1979, fixing the worst economy...

Iran bazaar and clergy influence wanes after 1979

AFP: Iran's powerful bazaar merchants and Shiite clergy spearheaded the 1979 Islamic revolution, but their role on the country's political scene has...

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

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

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

Khamenei’s Burial Becomes Stage for Power Struggles Among Regime Factions

On the second day of the funeral ceremonies for...

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