Iran Economy News

Iran bazaar in new strike over VAT increase-report

Reuters: Iranian merchants closed their shops in Tehran's main bazaar on Saturday to protest government plans to raise value-added tax (VAT), a website said,...

Iran fuel imports dive in Sept on sanctions-trade

Reuters: Iran has so far imported less than one gasoline cargo for September, taking shipments to some 80 percent less than in August when...

European demand for Iranian oil eases – sources

Reuters: More European oil companies are trimming their purchases of Iranian oil, company sources said on Friday, citing the increasing difficulty of financial transactions...

Factbox: Foreign companies stepping away from Iran

Reuters: Germany's ThyssenKrupp said on Thursday it would freeze new business with Iran with immediate effect in response to ever-harsher sanctions against the Islamic...

German steel giant pulls out of Iran

AFP: ThyssenKrupp became on Thursday Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the...

Iranians shocked by power bills as subsidy slashed

Reuters: Many Iranian householders have been stunned by huge electricity bills after the government suddenly withdrew fuel subsidies without warning exactly when the cuts...

Lawmaker wary of China/Iran ties

Reuters: Wary that Chinese oil companies could be undermining new U.S. sanctions against Iran, the chairman of the House Foreign Affairs Committee said he...

Iran’s parliament outlines policies to counter UN sanctions

Bloomberg: Iran’s parliament outlined policies aimed at countering United Nations sanctions over the country’s nuclear program, the head of the body’s economic committee said....

Latest news

Iran’s Gold Merchants on Strike in Several Cities

Reports and images circulated on social media indicate the expansion of protests and strikes by gold sellers in several...

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...

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’s Supreme Leader orders unprecedented crackdown

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