Iran Economy News

Iran says market oil balanced and prices likely to increase

Reuters: Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per...

Resentment builds in Iran over price hikes, subsidy overhauls

Washington Post: Nearly a week after President Mahmoud Ahmadinejad launched a plan to overhaul a long-standing system of state subsidies, Iranians are reeling from...

India c.bank to stop clearing Iran oil payments

Reuters: India's central bank will no longer help facilitate payments for imports of Iranian crude, a statement from the Reserve Bank of India said....

Fears of unrest after Iran cuts food and fuel subsidies

BBC: While President Mahmoud Ahmadinejad was outlining his targeted subsidies plan to the people on television on Saturday, riot police were deploying in Tehran's...

Iranian truck drivers stay off roads as gas prices rise steeply

Washington Post: Thousands of Iranian truck drivers began a second day of strikes Tuesday after a sharp increase in the price of diesel fuel,...

U.S. adds to Iran sanctions shortly after nuclear talks

New York Times: The Obama administration on Tuesday imposed new sanctions on Iran, serving notice that it will not ease the pressure on Tehran...

Treasury targets Iranian banks, investment firm for sanctions

Bloomberg: The U.S. Treasury Department today said it targeted an Iranian investment firm and other entities for financial sanctions aimed at preventing the spread...

U.S. tightens pinch on Iran’s finances, shipping

Reuters: The U.S. Treasury Department announced new measures on Tuesday aimed at choking finances for Iran's military and for a shipping line that Treasury...

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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Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary...

US Slaps New Sanctions on Iran’s Drone Program

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

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Australia adopts new sanctions against Iran

AP: Australia will impose new sanctions against Iran, including...

S.Korea might ban Iran petchem imports-sources

Reuters: South Korea might ban Iranian petrochemical product imports...

U.S. reacts to fear of Iran’s rising clout

Wall Street Journal: White House concerns that Iran's hand...