Iran Economy News

EU’s sanctions on Iran hit BP

Wall Street Journal: BP PLC will likely have to shut down a natural gas field in the North Sea that it jointly owns with...

U.S. targets front companies for Iran shipping line

Reuters: The United States on Wednesday named five Iranian individuals and three dozen companies that it said were helping Islamic Republic of Iran Shipping...

China’s cut in Iran oil imports is ‘warning,’ Petromatrix says

Bloomberg: A reduction in China’s imports of crude oil from Iran may be a “warning sign” regarding the Middle Eastern country’s pursuit of nuclear...

Sanctions making Europe firms review Iran oil buys

Reuters: Some European oil companies are considering whether to keep buying Iranian oil in 2011, industry sources said, citing sanctions that have made financial...

Iran says to sign $5 bln gas deal with foreign firm

Reuters: Iran will soon sign a $5 billion contract with a foreign company to develop its offshore Farzad-B gas field, the Oil Ministry's website...

Iran to notify OPEC of increased oil reserves in late 2010

Bloomberg: Iran will notify the Organization of Petroleum Exporting Countries Secretariat of a rise in its oil reserves toward the end of this year,...

Iran crude storage at sea falls on strong Asia demand

Reuters: The volume of Iranian crude stored at sea has fallen by as much as 4 million barrels because of a spike in Asian...

U.S. warns Turkey against selling Adabank to Iran, Star reports

Bloomberg: The U.S. government warned Turkey against selling Adabank AS to an Iranian bidder after reports a bank from the country was interested in...

Latest news

Iran Begins Spring with Shock in Food Prices

Figures in the most recent report by the Iranian regime’s Statistical Center on Inflation in March 2024 show that...

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Must read

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis...

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Chemical weapons deal wins time for Syria’s Assad but at a cost

Reuters: Bashar al-Assad's chemical weapons bargain with Russia and...