Iran Economy News

Iran bazaar in new strike over VAT increase-report

Reuters: Iranian merchants closed their shops in Tehran's main bazaar on Saturday to protest government plans to raise value-added tax (VAT), a website said,...

Iran fuel imports dive in Sept on sanctions-trade

Reuters: Iran has so far imported less than one gasoline cargo for September, taking shipments to some 80 percent less than in August when...

European demand for Iranian oil eases – sources

Reuters: More European oil companies are trimming their purchases of Iranian oil, company sources said on Friday, citing the increasing difficulty of financial transactions...

Factbox: Foreign companies stepping away from Iran

Reuters: Germany's ThyssenKrupp said on Thursday it would freeze new business with Iran with immediate effect in response to ever-harsher sanctions against the Islamic...

German steel giant pulls out of Iran

AFP: ThyssenKrupp became on Thursday Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the...

Iranians shocked by power bills as subsidy slashed

Reuters: Many Iranian householders have been stunned by huge electricity bills after the government suddenly withdrew fuel subsidies without warning exactly when the cuts...

Lawmaker wary of China/Iran ties

Reuters: Wary that Chinese oil companies could be undermining new U.S. sanctions against Iran, the chairman of the House Foreign Affairs Committee said he...

Iran’s parliament outlines policies to counter UN sanctions

Bloomberg: Iran’s parliament outlined policies aimed at countering United Nations sanctions over the country’s nuclear program, the head of the body’s economic committee said....

Latest news

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

Amid Iran's deepening economic crisis and mounting pressure on household livelihoods, the Statistical Center of the Iranian regime announced...

Serious Drug Shortage in Iran as Officials Assure Supplies for Arbaeen Pilgrims

Salman Eshaqi, spokesperson for the Health and Treatment Commission of the Iranian regime's Majlis (parliament), described the country's drug...

Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in Iran, Eghtesad News website reported that installment payments are becoming...

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Iran: Growing Demand for Installment Payment Plans for Medical Services

Amid rising prices and the deepening cost-of-living crisis in...

US, Saudi Arabia Strike Iran Regime-Backed Militias

The U.S. military announced that U.S. and Saudi Arabian...

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Iran warns U.S. not to violate Iranian airspace

Reuters: Iran's military has warned U.S. forces in Iraq...