Iran Economy News

Iran sees no increase in OPEC quotas

Reuters: The Organisation of the Petroleum Exporting Countries will not increase quotas at a meeting on Saturday in Quito, Iran's oil minister said, a...

Iran confirms seizure of three ships in Singapore, Arman says

Bloomberg: Three Iranian ships were seized several days ago in Singapore waters in a move linked to financial sanctions against Iran over the country’s...

Iran to export liquefied gas to Argentina, Cuba, Press TV says

Bloomberg: Iran plans to export liquefied natural gas to Argentina and Cuba as part of a joint venture with Venezuela, state-run Press TV reported,...

Sanctions cost Iran $60 billion in oil investments, Burns says

Bloomberg: Tougher U.S. sanctions on Iran are costing the Islamic regime as much as $60 billion in lost energy investments, Undersecretary of State William...

Iran denies 700 pct gasoline price hike plan

Reuters: Iran's Economy Ministry denied a newspaper report on Wednesday that the price of gasoline was set to rise by 700 percent when subsidies...

Dubai will never sever trade ties with Iran – official

Reuters: Dubai will never sever trade ties with neighbour and major trade partner Iran, a senior Dubai economy official said on Wednesday, as pressure...

Sanctions squeeze Dubai’s trade with Iran

Reuters: Dhows laden with goods bound for Iran line Dubai's creek. Workmen lift boxes of cheap wares, made in China, onto the creaking wooden...

Italy 8-mo crude imports from Iran surge 89.6 pct

Reuters: Italy's imports of crude oil from Iran surged 89.6 percent year-on-year in the first eight months of 2010, despite tighening of international sanctions...

Latest news

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens of cities across Iran, damaging residential homes and agricultural lands....

Iran is the Second Largest Prison for Writers in the World

The 2023 Freedom to Write Index, released by PEN America, shows that Iran continues to be the world’s second-largest...

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...

Must read

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

Beytollah Setarian, a housing expert, said in an interview...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry...

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Iran Inflation Rate at 15.9%

Iran Focus London, 30 Oct - The Iranian inflation...

EU’s Ashton cautiously welcomes Iran offer of talks

Reuters: European Union foreign affairs chief Catherine Ashton welcomed...