Iran Economy News

Iran starts first underground gas storage facility, PressTV says

Bloomberg: Iran started its first underground natural-gas storage facility with an annual capacity for 3.3 billion cubic meters of gas, Press TV reported yesterday....

Iran, Chile discuss promotion of economic ties

Iran Focus: Tehran, May 14 - A delegation from Iran’s Majlis (Parliament) travelled to Santiago this week to discuss the potential for closer economic...

Iran pipes joint oilfield with Oman to Bandar Abbas refinery

Iran Focus: Tehran, May 14 - The managing director for Bandar Abbas oil refinery Mohammad Ali Mojtahedzadeh has announced that the Hengam joint oilfield...

U.S. recognizes India’s need for Iranian oil: official

Reuters: The United States recognizes that India will keep buying oil from Iran but is not actively suggesting ways to pay for it without...

Iran’s parliament signs off on $508 billion budget based on oil price at $81.5 a barrel

AP: Iran’s parliament has signed off on a $508 billion budget bill that is about 40 percent bigger than that approved the previous calendar...

Iran’s unemployed rise by 1.6 million each year, Shargh reports

Bloomberg: Iran’s unemployed population increases by about 1.6 million each year, Shargh reported, citing parliamentary member Jalal Mahmoudzadeh. Bloomberg By Ladane...

Iran bases budget on oil around $81.50 per barrel

Reuters: Iran is basing the oil price for its 2011/12 budget at around $81.50 per barrel and expects the price of oil to pick...

Analysis: U.S. leverage to crimp Iranian oil exports fades

Reuters: The United States may have missed its moment to apply more political pressure on governments to stop buying Iranian crude as rising fuel...

Latest news

Continued Human Rights Violations In Iran: Security Forces Open Fire On People Celebrating Khamenei’s Death

As the Iranian regime staged the funeral of Ali Khamenei four months after his death, human rights media reported...

Iran’s July 9 Student Uprising Mark 27th Anniversary

Twenty-seven years have passed since July 9, 1999, when the Iranian regime's official security forces and paramilitary groups loyal...

U.S. Military Attacks More Than 90 Targets in Iran

The United States Central Command (CENTCOM) said in a statement that on Wednesday evening, U.S. forces struck about 90...

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U.S. Military Attacks More Than 90 Targets in Iran

The United States Central Command (CENTCOM) said in a...

Air And Ground Alert in Tehran as Khamenei’s Funeral Begins

The second day of the funeral ceremonies for Ali...

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The Iran-North Korea axis of proliferation

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Republicans demand stronger Iran response

AP: Republicans intensified their criticism of President Barack Obama's...