Iran Economy News

BNP Paribas dollar-clearing ban said to start in 2015

Bloomberg: BNP Paribas SA won a reprieve during final talks to settle a criminal probe into U.S. sanctions violations, giving the bank six months to...

Iran hopes for end of sanctions boom but investors still wary

Reuters: With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll...

Iran seeks to resolve HSBC freeze on some trade financing – sources

Reuters: Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches...

China’s May Iran crude imports up 36%, 2nd highest on record

Reuters: China's Iranian crude oil imports expanded 36 percent in May from a year ago to the second highest on record, customs data showed...

India bets on easing Iran oil curbs as fighting engulfs Iraq

Bloomberg: India spent the past five years cutting its Iranian oil imports to comply with international sanctions. Now, Asia’s second-largest energy user needs the curbs...

India’s Iran oil imports rise 13.5 pct in May vs Apri

Reuters: India imported 13.5 percent more Iranian oil in May compared with April as the country's biggest refiner Indian Oil Corp bought crude from...

 Growing Iran oil exports challenge U.S. nuclear sanctions

Bloomberg: Questioned in Congress yesterday about possible sanctions violations, an Obama administration official who monitors Iran’s oil exports said he’s confident that Iranian crude shipments...

Iran slashes basmati rice purchases from india

Wall Street Journal: Iran has slashed its purchases of India's basmati rice by around half over the past three months, helping push India's domestic prices...

Latest news

CENTCOM: 59 Vessels Linked to Iran Redirected

The U.S. Central Command (CENTCOM) says that as of Wednesday, August 12, U.S. forces had redirected 59 commercial vessels...

Oil Pollution Reaches the Shores of Persian Gulf

Oil pollution on the southern shores of Qeshm Island, which has also reached the island's mangrove forests, has heightened...

EU And 26 Countries Around the World Condemn the Execution of Protesters in Iran

On Wednesday, August 12, the European Union and 26 countries around the world issued a joint statement condemning the...

Must read

Retirees in Iran Demand Action on Their Grievances

On Sunday, August 9, retirees and pensioners in several...

British Couple Imprisoned in Iran End Hunger Strike After Nearly Three Months

The family of Lindsay and Craig Foreman, a British...

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Powers fail to reach deal on Iran sanctions

AFP: The United States and five other powers failed...

US bid to crimp Iranian oil sales to Asia stumbles

AP: American attempts to get major Asian importers of...

New Iran FM spokesman to be appointed in coming days

Iran Focus: Tehran, Iran, Sep. 09 – Iran’s incumbent...