Iran Economy News

India may settle Iran oil imports in Dirham, Yen, Asharq says

Bloomberg: India may pay for its oil imports from Iran in yen or the United Arab Emirates’ dirham to avoid straining its relations with...

India, Iran have not yet resolved oil payments impasse – sources

Reuters: India and Iran have not yet resolved an impasse over settlement of payments, three Indian industry sources familiar with the matter said on...

Essar Nov oil imports up 7.6 pct y/y, Iran top – trade

Reuters: Essar Oil raised monthly imports from top supplier Iran by over a third in November and may have bought for the first time...

Q+A-How markets could react to Iran-India oil row?

Reuters: Officials from Iran and India will meet on Friday for talks on a dispute over how India makes payments for $12 billion worth...

Iran’s Asian crude buyers see flow steady despite finance sanctions

Reuters: Most of Iran's biggest crude buyers in Asia are finding ways around difficulties in financing oil trade and see little disruption in 2011...

India hopes for quick solution to Iran payments issue

Reuters: India expects a solution to its dispute with Iran over payments for oil in the next few days, its oil secretary said on...

FACTBOX – Foreign companies stepping away from Iran

Reuters: Iran's day-to-day business is being affected by tighter international, U.S. and European Union sanctions imposed in response to Western fears the country's nuclear...

Iran refuses India oil sales on Delhi’s terms-sources

Reuters: National Iranian Oil Co (NIOC) has refused to accept payments for oil supplies to India without the Reserve Bank of India's (RBI) guarantee,...

Latest news

Iran’s Regime Uses War to Legitimize the Gallows

As the world's attention remains fixed on the drums of war echoing across the Middle East, the Iranian regime...

Rising Inflation in Iran and Uncertainty Over Workers’ Livelihoods

The livelihoods of workers and retirees have faced unprecedented challenges in recent months. Point-to-point inflation has reached 96%, and...

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the world's largest illegal gambling networks has become part of the...

Must read

Iranian Regime Backs Down on Executions Over Ghezel Hesar Prison Hunger Strike

After 16 days of a widespread hunger strike by...

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 denies foiling cyber attack on industrial units: report

AFP: A local civil defence official denied an earlier...