Iran Economy News

Iran cutting energy subsidies to boost revenue-IMF

Reuters: Iran, dependent on imported gasoline but squeezed by international sanctions, is working to eliminate subsidies on oil and natural gas, International Monetary Fund...

Iran exports first shipment of petrol: oil official

AFP: A top Iranian oil official said on Tuesday the fuel-hungry nation has exported its first shipment of domestically made petrol, three weeks after...

Oil firms reap benefit of Iran’s build-up of crude stocks

The Guardian: Sanctions fail to discourage all trade with nation under west's scrutiny for nuclear potential. The Guardian Sanctions fail to...

Shell increases oil trade with Iran – despite sanctions

The Guardian: Oil giant stepped up orders of Iranian crude while others halted trade amid sanctions imposed by UN, EU and US ...

Iran produces fuel in 5 petrochemical plants to face sanctions

Bloomberg: Iran is producing gasoline in five of its petrochemical plants as part of a plan to halt imports and counter international sanctions, the...

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...

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

Iran’s Rial in Freefall, Putting Strain on People’s Livelihoods

The U.S. dollar exchange rate in Iran's free market...

Sharp Decline in the Value of the Iranian Rial Against the U.S. Dollar

The decline in the value of the rial in...

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Blair suspects Iran’s hand in Iraq attacks

Guardian Unlimited: Tony Blair today warned that "elements of...

Iran successfully tests ‘strategic missile’

AP: Iran added a "strategic missile" to its military...

Iran rejects U.S. reports it has basis for atom bomb

Reuters: Iran rejected Friday U.S. reports it had enriched...