Iran Economy News

Iran threatens to blacklist foreign oil firms

AFP: Oil Minister Massoud Mirkazemi warned on Saturday that Iran will blacklist foreign firms like Russian energy giant Lukoil that pull out of projects...

Sanctioned Iran group pulls out of gas project

Wall Street Journal: The engineering arm of Iran's Revolutionary Guard Corps said Friday it was pulling out of projects in a giant Iranian natural-gas...

Iran Guard firm pulls out of gas development deals

AP: Iran's Oil Ministry says the powerful Revolutionary Guard's engineering arm, recently hit by U.N. sanctions, has partially withdrawn from developing the giant South...

Iran may switch to U.A.E. dirhams for oil sales, Oil Daily says

Bloomberg: Iran is considering switching to the United Arab Emirates’ dirham from the euro for its oil sales to Europe to limit the impact...

Russia to work with Iran on energy despite sanctions

Reuters: Russian Energy Minister Sergei Shmatko said on Wednesday that international sanctions against Iran will not hinder plans to develop joint energy and power...

Dubai curbs Iran trade under sanctions regime hurting business

Bloomberg: Business with Iran at CP World, a freight forwarder in Dubai, has fallen 20 percent in the last two months and director Abhijit...

Russia, Iran sign energy cooperation pact

Reuters: The Russian and Iranian energy ministries signed a "road map" on Wednesday outlining long-term energy cooperation and said they would aim to set...

FACTBOX-Foreign companies stepping away from Iran

Reuters: A growing number of oil companies, trading houses and other international firms have stopped doing business with Iran this year as the U.S....

Latest news

Workers At Iran’s Makran Steel Face Nine Months of Unpaid Wages

The ongoing crisis of unpaid workers’ wages in contracted projects has once again made headlines at Makran Steel in...

Trump Leaves Advisors’ Meeting Without Reaching a Final Decision

A meeting between U.S. President Donald Trump and his senior national security and political team regarding the course of...

Iran’s Regime Grudgingly Backs Down from its Longest Internet Shutdown

The widespread shutdown of international internet access, which began in January 2026 alongside the escalation of the nationwide uprising,...

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Iranian Regime Judiciary Announces ‘Harshest Punishment’ for Defendants in Ekbatan Case

The Mizan News Agency, affiliated with the judiciary of...

Iranian Media Report Approval of Resolution to Restore International Internet Access

Iranian media reported that a resolution to restore international...

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Germany warns against nuclear dispute with Iran escalating

Bloomberg: Germany’s Foreign Minister Guido Westerwelle warned against a...

Iranian workers’ wages have dropped by more than 400% in ten years

As news circulates regarding potential percentage increases in the...

Iran’s Environment Cannot Bear Any More Mistakes

While Iran’s environment can no longer tolerate any mistake...