Iran Economy News

Iran’s oil exports fall in April, closer to Western limits

Reuters: Iran's oil exports fell in April for a second month, according to sources who track tanker movements, moving closer to levels allowed by...

Iran cancels $2.5 billion Chinese oil contract

AP: Iran's official IRNA news agency says the country has canceled a $2.5 billion deal with a Chinese state oil company over what authorities...

Iranians face midnight fuel price surge as subsidies cut

Reuters: Iranians have rushed to gas stations to fill their cars before a price surge expected at midnight on Thursday, as President Hassan Rouhani...

India to make May-July oil payments to Iran – sources

Reuters: India is set to pay Iran $1.65 billion over the next three months under an interim nuclear deal that eases sanctions on Tehran...

Iran claims expertise in deepwater exploration

UPI: Iran is the only member of the Organization of Petroleum Exporting Countries that has expertise in deepwater oil and gas exploration, Ali Osouli,...

Iran may supply gas at $3/mmbtu to India’s proposed urea plant

Business Standard:  Iran is likely to supply gas at USD 3 per mmbtu for India's proposed urea and ammonia plant to be set up in...

US releases $450 mln in frozen Iran funds

AFP: The United States has authorized the release of a $450 million installment in Iranian assets that were frozen as punishment for Tehran's disputed nuclear...

Iran says oil barter deal with Russia very hard to seal

Reuters: Iran and Russia will find it hard to agree any oil or gas trade deal because they are rivals in both markets, Iran's...

Latest news

700,000 Jobs Lost in Iran as A Result of War

While the fate of the war in the region remains uncertain, reports from Iran indicate a suffocating livelihood crisis...

Iran: How Pahlavi’s Name Stole the January 2026 Uprising

In the biting cold of mid-January 2026, the air in Tehran’s Vali-e-Asr Square was thick with the scent of...

Escalating Executions in Iran Put EU Policy Under Scrutiny

A conference held at the European Parliament in Brussels on April 22, 2026, brought renewed attention to the escalating...

Must read

Iran’s War-Stricken Economy and Structural Deadlock

Iran’s war-stricken economy is now in a condition where...

Iran: How Pahlavi’s Name Stole the January 2026 Uprising

In the biting cold of mid-January 2026, the air...

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Bush, Sarkozy stand together on Iran

AP: President Bush and French President Nicolas Sarkozy stood...

US says Iran incident ‘dangerous’

BBC: US Secretary of State Condoleezza Rice has described...