Iran Economy News

Iranians desperate as dark economic clouds gather

Reuters: Marjan Hamidi turned away from the butcher's shop in a crowded area of Tehran's sprawling bazaar. Her quest to buy reasonably ...

India proposes bartering wheat for oil from Iran, Times says

Bloomberg: India’s external affairs ministry has proposed paying for Iranian crude imports with wheat exports to the Persian Gulf nation, the Economic ...

U.S. hits hard at Iran’s energy sector

UPI: Increasing pressure on Iran's energy sector is a way to coerce the regime in Tehran to abandon its nuclear ambitions, a U.S....

Iranian president proposes tightened budget amidmounting sanctions

WSJ: Iranian president Mahmoud Ahmadinejad on Wednesday submitted a budget that will cut spending by 5.6%, seeking to reduce the country's reliance on oil...

Iran may increase electricity prices by 20% in March, Mehr says

Bloomberg: Iran may raise electricity prices by about 20 percent in March as part of a plan to cut energy subsidies, state-run Mehr...

Iran to enforce single exchange rate

AFP: The central bank of sanctions-hit Iran is to enforce a single exchange rate after a dramatic slide in the value of the...

Report: Iranian currency drops 11 percent, hitting new record low against dollar

AP: Iran’s national currency fell by 11 percent Saturday amid the government’s refusal to sign off on a move to raise bank interest rates,...

Iran currency hits new low in blackmarket trading

AFP: Iran's currency, the rial, hit a record low against the dollar on Wednesday, the ISNA news agency reported, based on rates in blackmarket...

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

US and Iranian Regime Exchange Escalating Military Strikes

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

Amnesty International Challenges Silence Over the Iranian Regime’s Crimes

The bloody crackdown on the January protests in Iran...

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Iran’s Ahmadinejad says oil price artificial

AFP: The current high price of oil is artificial...

Several killed by bomb blasts in Iran

AP: Several people were killed and more injured by...

U.K. said to mull move to counter Iran

UPI: Britain is considering an expansion of its Persian...