Iran Economy News

Iran currency slumps, central bank says to act

Reuters: Iran's rial has fallen more than 10 percent in the last two days, prompting speculation about a shortage of hard currency in a...

Iran cutting energy subsidies to boost revenue-IMF

Reuters: Iran, dependent on imported gasoline but squeezed by international sanctions, is working to eliminate subsidies on oil and natural gas, International Monetary Fund...

Iran exports first shipment of petrol: oil official

AFP: A top Iranian oil official said on Tuesday the fuel-hungry nation has exported its first shipment of domestically made petrol, three weeks after...

Oil firms reap benefit of Iran’s build-up of crude stocks

The Guardian: Sanctions fail to discourage all trade with nation under west's scrutiny for nuclear potential. The Guardian Sanctions fail to...

Shell increases oil trade with Iran – despite sanctions

The Guardian: Oil giant stepped up orders of Iranian crude while others halted trade amid sanctions imposed by UN, EU and US ...

Iran produces fuel in 5 petrochemical plants to face sanctions

Bloomberg: Iran is producing gasoline in five of its petrochemical plants as part of a plan to halt imports and counter international sanctions, the...

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...

Latest news

International Energy Agency: Iran Producing 3.3mn Barrels of Oil Per Day

According to the latest monthly report by the International Energy Agency, Iran's daily oil production in the month of...

Amnesty International Calls Halting the Death Sentence of Toomaj Salehi

On Thursday, May 17, Amnesty International sent a letter to the head of the Iranian regime’s judiciary, calling for...

Around 6 Workers Die of Safety Incidents Every Day in Iran

Ali Ziaei, the head of the Crime Scene Investigation Group at the Iranian Forensics Organization, reported the deaths of...

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Alarming Threat of Land Subsidence in Iran’s Urban Areas and Infrastructure Facilities

Ali Javidaneh, the head of the Iranian regime’s Mapping...

International Energy Agency: Iran Producing 3.3mn Barrels of Oil Per Day

According to the latest monthly report by the International...

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Multilateral approach needed on Iran sanctions – US

Reuters: The world must take a concerted approach towards...

Syria, Iran underline support for Lebanon against Israel

AFP: Syrian President Bashar al-Assad and Iranian Foreign Minister...