Iran Economy News

OPEC to reduce exports as demand passes peak, oil movements says

Bloomberg: Crude shipments from the Organization of Petroleum Exporting Countries will decline from near their highest in a year as summer demand passes...

U.S. makes it easier to sell medical supplies to Iran

Reuters: The United States on Thursday expanded the list of medical devices that can be exported to Iran without special permission, as it...

Zurich among insurers said to be probed in expanded N.Y. inquiry

Bloomberg: Zurich Insurance Group AG (ZURN) is among companies being questioned by New York’s insurance regulator in a widening probe into compliance with...

India’s Iranian oil imports more than halve in June -trade

Reuters: India's imports of crude oil from Iran more than halved in June from a year ago, as refiner Essar Oil became the...

Iran seeks respite from sanctions in Iraq

Wall Street Journal: Iran has agreed to supply Iraq with natural gas in a four-year, $14.8 billion deal that offers Tehran a respite...

Iran taps Caspian Sea route to bolster grain stocks

Reuters: Iran is approaching Kazakhstan and other Caspian Sea suppliers for fresh wheat deals after buying over 1 million tonnes in recent...

World Bank says received no payments from Iran in six months

Reuters: Iran has not paid back any of its loans to the World Bank for more than six months, the bank said on...

Iran oil exports fall 36 percent on China port delays, IEA says

Bloomberg: Iran exported 36 percent less crude last month than it did in May because of blockages at ports in China, the Islamic...

Latest news

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Only One-Fifth of Iran’s Annual Housing Needs Are Met

Beytollah Setarian, a housing expert, said in an interview that Iran needs one million housing units annually, but only...

Resignation, Job Change, and Nurse Exodus in Iran

The state-run Hame-Mihan newspaper has addressed the problems of the healthcare workforce in Iran, examining issues such as resignations,...

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US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new...

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian...

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SKorea to work with US to reduce Iran oil imports

AP: South Korean officials said Saturday that they will...

Banned art in a show of revolt against mullahs

The Sunday Times: A collection of art including works...

Iran says will only negotiate with IAEA in nuclear standoff

Iran Focus: Tehran, Iran, Mar. 05 – Iran’s hard-line...