Iran Economy News

EU’s sanctions on Iran hit BP

Wall Street Journal: BP PLC will likely have to shut down a natural gas field in the North Sea that it jointly owns with...

U.S. targets front companies for Iran shipping line

Reuters: The United States on Wednesday named five Iranian individuals and three dozen companies that it said were helping Islamic Republic of Iran Shipping...

China’s cut in Iran oil imports is ‘warning,’ Petromatrix says

Bloomberg: A reduction in China’s imports of crude oil from Iran may be a “warning sign” regarding the Middle Eastern country’s pursuit of nuclear...

Sanctions making Europe firms review Iran oil buys

Reuters: Some European oil companies are considering whether to keep buying Iranian oil in 2011, industry sources said, citing sanctions that have made financial...

Iran says to sign $5 bln gas deal with foreign firm

Reuters: Iran will soon sign a $5 billion contract with a foreign company to develop its offshore Farzad-B gas field, the Oil Ministry's website...

Iran to notify OPEC of increased oil reserves in late 2010

Bloomberg: Iran will notify the Organization of Petroleum Exporting Countries Secretariat of a rise in its oil reserves toward the end of this year,...

Iran crude storage at sea falls on strong Asia demand

Reuters: The volume of Iranian crude stored at sea has fallen by as much as 4 million barrels because of a spike in Asian...

U.S. warns Turkey against selling Adabank to Iran, Star reports

Bloomberg: The U.S. government warned Turkey against selling Adabank AS to an Iranian bidder after reports a bank from the country was interested in...

Latest news

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...

Amnesty International Challenges Silence Over the Iranian Regime’s Crimes

The bloody crackdown on the January protests in Iran remains unaddressed, and Amnesty International has warned that the continued...

Iranian Regime’s Iraqi Proxy Groups in the Trap of Arrest and the Law

Following the arrest of one of the Iranian regime's proxy operatives in Iraq, who had also been sanctioned by...

Must read

Why Is Iran’s Electricity Industry Facing a Crisis?

Despite possessing the world's second-largest natural gas reserves and...

British Couple Imprisoned in Evin Prison Remain on Hunger Strike

Lindsay Foreman and Craig Foreman, two British citizens imprisoned...

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EU presidency condemns Iran for executions

Reuters: The European Union on Sunday denounced Iran for...

U.S.-Iraq troops raid government jail where abuses are alleged

Los Angeles Times: About 100 U.S. and Iraqi troops...

Severe Water Crisis Sweeps Across Various Iranian Cities

As Iran enters its fifth consecutive year of drought,...