Iran Economy News

Iran, Syria will set up joint bank in ‘months’, Arman reports

Bloomberg: Iran and Syria will set up a joint bank in the coming months, Arman reported, citing Iranian economy and finance minister, Shamseddin Hosseini....

No need for more OPEC oil: Iran

Reuters: There is no need for OPEC to boost oil production because consumer worries over supply are mostly "psychological" and not based on any...

Iran sees oil revenue reaching $80 billion this year, Mehr says

Bloomberg: Iran expects its oil revenue in the current Iranian calendar year ending on March 20 to reach $80 billion, the state-run Mehr news...

India working on plan to pay for Iran oil imports

AFP: Energy-hungry India says it is still working out a long-term method to pay for oil imports from Iran after the Reserve Bank of...

India pays $2 billion to clear Iran oil import dues

Reuters: India has paid 1.5 billion euros ($2.08 billion) to clear pending dues for oil imports from Iran, the country's oil minister said, over...

Oil prices climb as Iran tensions escalate

AP: Oil prices are climbing again as demonstrations in Iran add to concerns that anti-government movements will keep pressure on the oil-rich Middle East...

Iran cautions against oil output hike

AFP: Iran on Sunday urged OPEC, especially Saudi Arabia, to refrain from any unilateral hike in oil output, saying current crude production was enough...

Iran Revolutionary Guards firm gets big pipeline deals

Reuters: Iran has awarded contracts worth $2.6 billion to a company controlled by the Revolutionary Guards, the semi-official Mehr news agency said on Saturday,...

Latest news

Iranian Political Prisoners Mark 61st Anniversary of PMOI Resistance

As the People’s Mojahedin Organization of Iran (PMOI/MEK) approaches the 61st anniversary of its founding on September 6, a...

Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market has surpassed 2.8 million rials, while the official rate remains...

Iran’s Regime Rejects Retrial Request by Protester Sentenced to Death

On Wednesday, September 2, human rights media outlets reported the continued detention and interrogation of opponents of Iran's regime,...

Must read

Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market...

Corruption in Iran’s Ports Reaches the Regime’s Parliament

The corruption case in Iran’s ports has once again...

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‘Reality check’ for Iran nuclear talks

CNN: Iran is set for nuclear talks Wednesday with...

US exempts China, Singapore from Iran sanctions

AFP: The United States exempted China and Singapore from...

MoD denies Iran military meeting

BBC: Reports that military officers will meet government officials...