Iran Economy News

Iran exchange to start fuel-oil trading in April, official says

Bloomberg: The Iran Mercantile Exchange, a Tehran-based commodities bourse, will start trading fuel-oil contracts this month as a prelude to other energy trading. ...

FACTBOX-Iran’s oil trade under sanctions regime

Reuters: Iran has manouevred around sanctions for deacdes, but the task has become more complicated since Western powers introduced new measures in the middle...

German Bundesbank to help India process Iran oil payments -report

Dow Jones: Germany's Bundesbank is set to help India process payments for Iranian oil, despite international sanctions against the regime in Tehran, German newspaper...

Iran says OPEC special meeting ‘unnecessary’

AFP: Iran Oil Minister Masoud Mirkazemi sees no reason to call an extraordinary meeting of the Organisation of Petroleum Exporting Country (OPEC), Mehr news...

India’s Essar says Iran oil imports not hit

Reuters: India-focused refiner and power generator Essar Energy's oil imports from Iran have not been hit despite the scrapping of payments through the existing...

Italy 2010 Iran oil import jumps despite sanctions

Reuters: Italy's import of crude oil from Iran, a major supplier, jumped 80.6 percent in 2010, despite tightening international sanctions against Tehran, data from...

China to build $2 billion Iran dam, power plant, Press TV says

Bloomberg: Iranian and Chinese officials will sign a $2 billion agreement for the construction of a dam and a power plant in Iran’s western...

Iran to start gas exports to Syria by end of 2011, Shana reports

Bloomberg: Iran plans export as much as 5 million cubic meters of natural gas daily to Syria by the end of this year after...

Latest news

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry spokesman, Nasser Kanani, in a weekly press briefing, claimed that...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

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...

Must read

Alarming Rise in Suicide Rate Among Iranian Physicians

Mohammad Mirkhani, a social consultant of the Medical Council...

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in...

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Rice sees referral of Iran to UN Security Council

Reuters: The United States expects Iran will be referred...

A supreme leader loses his aura as Iranians flock to the streets

New York Times: The Iranian police commander, in green...

India restricts Iran trade as oil payment row rumbles

Reuters: India has banned all trade in goods and...