Iran Economy News

Iran central bank repatriating foreign bank deposits

Reuters: The Central Bank of Iran has decided to repatriate an unspecified amount of its deposits from foreign bank accounts, its governor said on...

Ahmadinejad, Turkey to discuss economic cooperation, Sabah says

Bloomberg: Iranian President Mahmoud Ahmadinejad will discuss deepening economic ties with Turkey during a visit to the country this week, Sabah said. ...

Iran increases gas prices in overhaul of subsidies

Washington Post: Police patrolled the streets of Tehran and other cities as Iran on Sunday started a politically sensitive overhaul of the way state...

Iran gasoline use drops 16.6 pct after price hike

Reuters: Iranian gasoline useage dropped by 16.6 percent on the first day after the government of President Mahmoud Ahmadinejad implemented a deeply unpopular four-fold...

Last Italian bank suspends Iran oil deals

Reuters: Intesa SanPaolo has suspended financing Iranian oil trading deals, becoming the last Italian bank to bow to pressure from the United States to...

Heavy security on Iran streets after subsidy cuts

AP: Iran deployed squads of riot police around the major intersections of the capital Sunday, bracing for any kind of violent backlash in the...

Petrol prices shoot up as Iran scraps subsidies

AFP: Domestic petrol prices shot up as much as fourfold on Sunday as the Iranian government started to implement a controversial plan to remove...

Iran trims petrol ration, first step in subsidy cut

Reuters: Iran has reduced the ration of heavily subsidised gasoline motorists can buy each month, an official said on Saturday, in a tentative first...

Latest news

Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of the U.S. National Intelligence Agency, told a Senate Armed Services...

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...

Must read

International Monetary Fund: Iran Needs “$121 Oil” to Avoid Budget Deficit

The International Monetary Fund (IMF) states in its latest...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1,...

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Crude traders skeptical Iran deal will bolster oil supplies

Bloomberg: Crude traders are skeptical that the accord loosening...

A President as aloof abroad as at home

Wall Street Journal: If he thought about Iran strategically,...