Iran Economy News

Iran acknowledges sanctions driving up costs

AP: Iran's commerce minister on Saturday denied that international sanctions imposed on the country over its disputed nuclear program have damaged Tehran's trade ties...

Iran forex reserves exceed $100bln: Ahmadinejad

AFP: President Mahmoud Ahmadinejad said on Saturday that the foreign exchange reserves of sanctions-hit Iran were higher than the World Bank's estimate of 100...

Azeri gas project unaffected by Iran sanctions-min

Reuters: Azerbaijan has so far seen no impact from European sanctions against Iran on its Shah Deniz gas project, in which Iranian state energy...

EXCLUSIVE-China slows Iran oil work as U.S. energy ties warm

Reuters: China's top energy firms have slowed work on projects in Iran as their ties grow with U.S. energy companies, a blow to Tehran...

Iran to sell bonds worth $2.3 billion for gas-field development

Bloomberg: Iran will sell rial bonds worth $2.3 billion on Nov. 6 to finance the second development phase of its South Pars gas field,...

Iran deputy seeks transparency on subsidies cut plan, Mehr says

Bloomberg: A member of Iran’s Parliament has criticized the government for its lack of transparency in implementing a plan to cut energy and food...

BP, Statoil’s Shah Deniz gas field exempt from EU Iran sanctions

Bloomberg: BP Plc and Statoil ASA’s Shah Deniz natural-gas field off the coast of Azerbaijan was exempted from European Union sanctions on Iran, clearing...

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...

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

Iranian Political Prisoners Mark 61st Anniversary of PMOI Resistance

As the People’s Mojahedin Organization of Iran (PMOI/MEK) approaches...

10 Protesters Sentenced to Death in Isfahan Shohada Square Case

The First Branch of the Revolutionary Court in Isfahan...

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Iran has set up torture chamber in Iraqi capital – report

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Iran oil exports fall 36 percent on China port delays, IEA says

Bloomberg: Iran exported 36 percent less crude last month...