Iran Economy News

Shell trims exposure to Iran crude – sources

Reuters: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making ...

Oil trade with Iran thrives, discreetly

Wall Street Journal: An oil tanker named Front Page, chartered by Royal Dutch Shell PLC, left this port on March 17 and reported...

Money well spent?

Iran Focus: Tehran, May 15 – Iran Focus has carried out an investigation into Iran's annual budget and has learnt that huge sums of...

Boeing, Exxon say new Iran sanctions would hurt global sales

Bloomberg: Boeing Co.  and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say may cost $25...

Iran may be storing 38 million barrels of oil at sea, IEA Says

Bloomberg: Iran, holder of the world’s second largest oil reserves, may be storing as much as 38 million barrels of crude at sea...

Iran steps up gas field pressure on foreign firms

Reuters: Iran plans to replace foreign companies which have "dragged their feet for years" with domestic firms in developing its giant South ...

Latest news

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

In recent years, and particularly in the months following the recent war, workers’ “real wages” in Iran have experienced...

Leila Abolhasani, Mother of Two Young Daughters, Sentenced to Death

Leila Abolhasani, a 43-year-old citizen and mother of two teenage daughters, is among those arrested during the January protests...

Price of Cement in Iran Rises 90% in Six Months

The head of the Association of Building Materials Sellers announced that cement prices have increased by more than 90%...

Must read

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

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

Financial Corruption Network Operating in Shadow of Iran Sanctions Exposed

The "trustee companies" case is now more than just...

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The Guardian : Aug. 12 - President Mahmoud Ahmadinejad...

Iran says to free one detained American hiker

Reuters: Iran will release one of the three detained...

Rights group calls for release of two journalists held in Iran

Iran Focus: London, May 27 – The international press...