Iran Economy News

Sanctions blowback crippling Iran’s shipping trade

Reuters: Iran's vital seaborne trade is suffering from escalating sanctions pressure as shipping companies scale down activities or pull out, with the Islamic Republic...

Iran to soon issue tenders for 21 oil, gas projects, Fars says

Bloomberg: Iran plans to soon start issuing tenders for 21 oil and gas fields to domestic and foreign investors, Fars reported, citing Oil Minister...

Iran’s Ahmadinejad says inflation rate at 19.3%, ISNA says

Bloomberg: Iran’s inflation rate is 19.3 percent, the state-run Iranian Students News Agency reported, citing president Mahmoud Ahmadinejad. BloombergBy Ladane NasseriIran’s...

Iran denies purchasing Syrian crude-report

Reuters: Iran denied on Friday reports that the Islamic state had purchased crude from sanctions-hit ally Syria, the semi-official Mehr news agency quoted a...

Italy oil sector fears inevitable ban on Iran crude

Reuters: Italian sanctions prohibiting imports of crude oil from Iran are inevitable and will come at a cost to the region's oil companies, the...

Italy looks to persuade its firms to drop Iran oil

Reuters: Italy believes sanctions should be tightened against Iran, and is seeking to persuade its companies to stop buying Iranian oil, the spokesman for...

UK severs ties with Iranian banks

BBC: The UK has imposed new sanctions against Iran which will cut off all financial ties with Iranian banks. BBC NewsThe...

Brent oil up above $107 on new Iran sanctions

Reuters: Brent crude rose above $107 a barrel on Tuesday as fresh sanctions on Iran, and the prospect of possible military action, offset persistent...

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

Water Shortages in Iran Have Become a Chronic Crisis, and Alarm Bells Are Ringing

Statements by Iranian regime officials at the beginning of...

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

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

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