Iran Economy News

OPEC to consult if oil prices fall more: Iran

AFP: OPEC ministers will hold consultations if the price of crude oil continues to fall but it is too soon to call for an...

Italy ups Iran crude oil imports in May-industry

Reuters: Italy's imports of crude oil from Iran, one of its main suppliers, spiked in May helping to offset a lack of crude from...

India’s IOC says to make small Iran oil payment soon

Reuters: Indian Oil Corp (IOC) will make a payment to Iran for oil soon, the state-run refiner's chairman R.S. Butola said on Thursday, after...

Iran-Turkey trade soars by 72%

Iran Focus: Tehran, Iran, Aug. 03 - Bilateral trade between Iran and Turkey reached $7.762 billion for the first half of 2011, up from...

ANALYSIS-India, Iran buy time to find other oil partners

Reuters: India and Iran's mechanism to end a seven-month-old stalemate over oil payments could keep U.S. pressure at bay long enough for the two...

Exclusive: Sanctions trap billions of Iran petrodollars in Korea

Reuters: Iran could have nearly $5 billion of cash trapped in South Korea by the end of the year as sanctions stop it repatriating...

Indian refiners start clearing Iran debt via Turkey

Reuters: Iran is receiving long overdue payments for its oil exports to India as two major buyers have started using a Turkish bank to...

Iran says oil row with India resolved

AFP: Iran's oil ministry said on Sunday a five-billion-dollar oil payments dispute with India has been resolved without any interruption of crude exports. ...

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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US, Saudi Arabia Strike Iran Regime-Backed Militias

The U.S. military announced that U.S. and Saudi Arabian...

Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in...

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Iran says cooperation with non-OPEC necessary-IRNA

Reuters: Iran's oil minister called for cooperation between crude...

West raises pressure on neutral Switzerland over Iran

Reuters: Switzerland's neutrality is being tested as Brussels and...