Iran Economy News

Bankrupt Iran ‘plans drastic taxes to keep afloat’

AFP: Iran is bankrupt and the regime is mulling drastic measures to keep the economy afloat, an official from an opposition movement said...

Iran’s crude exports rise as China port blockages ease, IEA says

Bloomberg: Iran exported 66 percent more crude oil in May than in April, helped by an increase in purchases by China after congestion...

Iran’s sanction woes continue: shut out of Costco

Wall Street Journal: Economic sanctions have been working to strangle the Iranian economy, and now, the country's diplomats and overseas businesses are being...

Lawmakers in new drive to slash Iran’s oil sales to a trickle

Reuters: U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran's diminishing oil exports, and while they...

Sanctions push Iran’s oil exports to lowest in decades

Reuters: Western sanctions drove Iran's crude exports to the lowest in decades in May, according to industry sources and tanker-tracking data, even...

U.S. blacklists global network of Iranian ‘front’ companies

Reuters: A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's...

Total CEO denies bribes were paid on Iranian gas contracts

Bloomberg: Total SA (FP) Chief Executive Officer Christophe de Margerie, who may be put on trial in France for corruption related to Iranian...

US fines Total $398 mn over bribes in Iran

AFP: French oil giant Total agreed Wednesday to pay US authorities $398.2 million to settle charges that it bribed officials in Iran to...

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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U.S. Treasury Revokes License Allowing Iranian Regime Oil and Petrochemical Sales

The U.S. Department of the Treasury announced on Tuesday,...

Arrested Iranian Protesters in Critical Conditions, Human Rights Bodies Warn

Iran Human Rights (IHR), a Norway-based human rights organization,...

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Keep Iran military option, says Rifkind

Daily Telegraph: Sir Malcolm Rifkind, the former Conservative foreign...

Syria and Iran crises weigh over UN gathering

AFP: Fears that the Syrian civil war and the...