Iran Economy News

India hopes for quick solution to Iran payments issue

Reuters: India expects a solution to its dispute with Iran over payments for oil in the next few days, its oil secretary said on...

FACTBOX – Foreign companies stepping away from Iran

Reuters: Iran's day-to-day business is being affected by tighter international, U.S. and European Union sanctions imposed in response to Western fears the country's nuclear...

Iran refuses India oil sales on Delhi’s terms-sources

Reuters: National Iranian Oil Co (NIOC) has refused to accept payments for oil supplies to India without the Reserve Bank of India's (RBI) guarantee,...

Standard Chartered talking to US sanctions investigators over past Iran dealings

Daily Telegraph: Standard Chartered has launched a review of its compliance with US sanctions, after revealing it is in discussions with American authorities about...

India joins U.S. effort to stifle Iran trade

Wall Street Journal: India has tightened the web of sanctions around Iran by barring Indian companies from a range of deals transacted through a...

RBI further curbs deals with Iran

Reuters: The Reserve Bank of India (RBI) on Monday further curbed transactions with Iran, saying all current account transactions including trade deals with the...

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...

Latest news

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter to the head of the Iranian regime’s judiciary, calling for...

Around 6 Workers Die of Safety Incidents Every Day in Iran

Ali Ziaei, the head of the Crime Scene Investigation Group at the Iranian Forensics Organization, reported the deaths of...

Air Pollution Kills 26,000 People in Iran Every Year: Head of Environment Organization

Ali Salajegheh, the head of the Environmental Protection Organization admitted in a conference in Kerman on Monday, May 13...

Must read

Iranian Chamber of Commerce Reports Worsening Economic Conditions

In its latest report on the state of the...

Strikes Continue in Gold Markets Across Iran

Despite the efforts of Iranian regime security entities, the...

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Iran begins drilling oil well in Caspian Sea

AP: State TV reports that Iran has began drilling...

Iran hangs five in notorious prison

Iran Focus: Tehran, Iran, Jun. 14 – Iranian authorities...