Iran Economy News

OPEC likely to keep oil output unchanged: Iran

AFP: OPEC is likely to keep its oil production quotas unchanged at its next meeting in December, Iran's representative to the cartel said, according...

Iran confirms Gazprom not to work on Azar oilfield

Reuters: Iran confirmed on Sunday that Gazprom would not be involved in the development of a major on-shore oil field, accusing the Russian state...

India says agrees on trade mechanism with Iran

Reuters: India and Iran have agreed on a mechanism to ensure smooth goods trade flows, including payments to Indian exporters, the Indian finance ministry...

Belarus in talks with Iran over $400 mln loan: central bank

AFP: Cash-strapped Belarus said on Monday it was negotiating a $400-million (300-million-euro) loan with Iran aimed at shoring up the economy during its worst...

Iran resumes gas exports to Turkey – report

Reuters: Iran resumed natural gas exports to Turkey on Friday after an eight-day halt requested by Turkey over technical reasons, the Iranian semi-official Mehr...

Iran builds first heavy oil refinery in Qeshm Island, Shana says

Bloomberg: Iran is building its first refinery able to process so-called heavy crude in the southern Qeshm Island, the Oil Ministry said, citing an...

Russia and Iran to create major mining venture: report

AFP: Russia and Iran are creating a $1.2 billion joint venture between state company Russian Technologies and Tehran state Bank Saderat to tap into...

Iran official sees West’s troubles curbing oil price

Reuters: Iran says international crude oil prices will not rise with the onset of the cold season due to the continuing global economic slump,...

Latest news

Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

As labor protests continued across different parts of Iran, on Monday, August 3, telecommunications retirees in Bijar County and...

Iran’s Economy in Critical Condition, Insider Warns

Hossein Raghfar, an economist close to the Iranian regime, described Iran's economic situation as "very unfavorable" and warned that...

Trump: New round of talks with the Iranian regime to begin on Monday

U.S. President Donald Trump announced that a new round of negotiations between Tehran and Washington will begin on Monday....

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United States Launches Major Attack on Iranian Regime Targets

U.S. Central Command (CENTCOM) says the latest strikes were...

Trump: New round of talks with the Iranian regime to begin on Monday

U.S. President Donald Trump announced that a new round...

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U.N. watchdog eyes increased Iran presence to verify nuclear deal

Reuters: The U.N. atomic watchdog is considering increasing its...

Iran urges US to change ‘domineering methods’

AFP: Iran called on the United States on Saturday...

US says will not probe Inpex energy investments in Iran

AFP: The US State Department said Wednesday that it...