Iran Economy News

Reuters: BP has suspended production at Britain's North Sea Rhum gas field due to European Union (EU) sanction against Iran, the operator said on...

AFP: Iran said on Sunday that the world economy is in a position to absorb an oil price of 100 dollars a barrel even...

AFP: Iran's Entekhab Industrial Group has signed a contract sealing its acquisition of South Korea's Daewoo Electronics for 518 million dollars, reports and officials...

Reuters: Iran won't wait for foreign investors to develop joint oilfields with neighbouring states, a senior oil ministry official was quoted on Saturday as...

BBC: Police have been deployed on the streets of Tehran as the government begins making dramatic cuts to a wide range of subsidies. ...

Bloomberg: Iran will start increasing electricity rates from December as part of a wider plan to phase out subsidies of prices for energy and...

Washington Post: Middle-class urbanites think they're being singled out by a government plan that will soon cut off state subsidies and boost the prices...

AP: The most potent challenge to Iran's ruling system may not be international sanctions or the homegrown political opposition, but something as simple as...