Iran Economy News

Iran oil minister voices concern about investment

Reuters: Iran's oil minister voiced concerns on Monday about investment in the energy sector, saying the country's ability to export crude would be put...

Iran has foreign exchange reserves of $100 bln, Press TV reports

Bloomberg: Iran’s foreign exchange reserves stand at $100 billion, Press TV reported, citing Shamseddin Hosseini, the economy and finance minister. The country’s foreign debt...

Iran oil supply stable, payment talks ongoing: India

Reuters: India continues to receive normal shipments of oil from Iran and discussions between the two countries are ongoing over how India will pay...

Iran aims to complete first exploration well for Caspian crude by March

Bloomberg: Iran expects by next March to finish drilling its first exploration well for oil in the Caspian Sea, where it hopes to catch...

Iran’s first new refinery 40 percent complete, oil official says

Bloomberg: Iran’s Persian Gulf Star refinery, under construction in the southern city of Bandar Abbas, is 40 percent complete, Deputy Oil Minister Alireza Zeighami...

Chinese firms dominate Iran oil exposition

AFP: Chinese companies, widely present in Iran thanks to the vaccum created by the departure of Western firms, dominated the Iranian oil, gas and...

Iran sees oil demand increasing post-Japan tsunami

Reuters: Iran's OPEC governor said on Friday he saw demand for oil rising as Japan recovers from its March 11 earthquake and tsunami. ...

Iran keeps gas price hike despite consumer ‘dismay’

AFP: Iran will not review cooking gas prices despite dismay among consumers who have seen their bills multiplied as much as seven fold after...

Latest news

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....

Three Political Prisoners Subjected to Enforced Disappearance in Evin Prison

Reports from Evin Prison indicate that on the morning of Saturday, August 1, prison guard forces raided Ward 7,...

Must read

Triple-Digit Inflation Pushes Iran’s Lower and Middle Classes to Breaking Point

The state-run Economy24 website, citing the latest inflation data...

Iran’s Statistical Center: Point-To-Point Inflation in July Reached Nearly 88%

Amid Iran's deepening economic crisis and mounting pressure on...

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Iran nuclear chief alleges explosives attack

AFP: Iran's nuclear chief said Monday that "explosives" were...

Iran’s axis of nuclear evil

Wall Street Journal: While President Obama's unanticipated Nowruz holiday...