Iran Economy News

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Oil Ministry says the powerful Revolutionary Guard's engineering arm, recently hit by U.N. sanctions, has partially withdrawn from developing the giant South...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

ANALYSIS-Sanctions tighten pressure on Iran’s oil industry

Reuters: A new round of U.S. and European sanctions targets Iran's dilapidated oil sector from top to bottom, making it even more difficult to...

Iran may cut gasoline imports by 75%, IEA says

Bloomberg: Iran, facing international sanctions over its nuclear energy plans, is likely to reduce gasoline imports by 75 percent by 2015 as it expands...

Latest news

Amnesty International Challenges Silence Over the Iranian Regime’s Crimes

The bloody crackdown on the January protests in Iran remains unaddressed, and Amnesty International has warned that the continued...

Iranian Regime’s Iraqi Proxy Groups in the Trap of Arrest and the Law

Following the arrest of one of the Iranian regime's proxy operatives in Iraq, who had also been sanctioned by...

U.S. Treasury Revokes License Allowing Iranian Regime Oil and Petrochemical Sales

The U.S. Department of the Treasury announced on Tuesday, July 7, that it had revoked the general license covering...

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Khamenei’s Burial Becomes Stage for Power Struggles Among Regime Factions

On the second day of the funeral ceremonies for...

Air And Ground Alert in Tehran as Khamenei’s Funeral Begins

The second day of the funeral ceremonies for Ali...

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Iran hangs six in Tehran prison

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