Iran Economy News

Iran oil minister hints at price war to win back market share

Bloomberg: Iran’s new oil minister, Bijan Namdar-Zanganeh, has released plans to raise oil production 70 percent to 4.2 million barrels a day to...

South Africa’s Sasol disposes of Iranian unit

Reuters: South African petrochemicals group Sasol said on Monday it had disposed of its Iranian joint-venture Arya Sasol Polymer for an undisclosed...

India looks to buy more Iranian oil

Wall Street Journal: India's finance minister said Monday that the country wants to boost imports of Iranian crude as it wrestles with economic...

Iran’s Zanganeh plans to boost oil output if made new minister

Bloomberg: Bijan Namdar Zanganeh, a former Iranian oil minister who has been nominated by President Hassan Rohani to take over the ministry again,...

Iran beefs up oil tanker fleet on growing business from China

AFP: Iran has beefed up its oil tanker fleet with vessels from China and is selling more crude oil to Beijing as Tehran...

India plans guarantee for refineries importing oil from Iran

Trend: India is reportedly seeking to devise a mechanism to provide a state guarantee to refineries importing oil from Iran, whose energy sector...

Commander: Iran’s armed forces ready to withdraw from economic activities

Trend: Iran's Armed Forces are ready to withdraw from economic activities, Chief of the General Staff of the Armed Forces of Iran, ...

Iran oil-tanker owner seen expanding fleet by IHS amid sanctions

Bloomberg: NITC, Iran’s biggest tanker company, increased the capacity of its supertanker fleet by 23 percent this year amid sanctions related to the...

Latest news

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian regime’s Statistical Center on Inflation in March 2024 show that...

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

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Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing...

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Standard Chartered talking to US sanctions investigators over past Iran dealings

Daily Telegraph: Standard Chartered has launched a review of...

Iran doubles oil in Persian Gulf tankers amid vessel shortage

Bloomberg: Iran, OPEC's second-largest oil producer, more than doubled...

Coalition discovers Iranian weapons stash in Iraq

Iran Focus: London, Jul. 11 - Coalition troops in...