Iran Economy News

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...

Iran sidesteps trade sanctions with help from Chinese firms

Los Angeles Times: Iranian officials say international sanctions haven't kept them from continuing to do business with much of the world. At the Tehran...

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,...

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Heavy Collapse in Iranian Workers’ Purchasing Power Over the Past 10 Years

In recent years, and particularly in the months following...

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control...

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Over 20 Provinces in Iran Shut Down Due to Power and Water Shortages

Iranian regime officials have announced the widespread closure of...

Smuggling route opened to supply Iraqi insurgents

Sunday Telegraph: Iran's Revolutionary Guards have set up a...