Iran Economy News

S.Korea GS E&C says scraps $1.2 bln Iran gas deal

Reuters: South Korea's GS Engineering & Construction (GS E&C) said on Thursday that it has called off a 1.42 trillion won ($1.2 billion) gas...

Iran lifts restriction on foreign investment in banks

Bloomberg: Iran lifted a cap on the percentage of shares in Iranian banks that can be owned by a foreign individual or company, the...

Iran sees no risk to gasoline imports, official says

Reuters: Iran sees no risks to its gasoline imports, an oil official said on Tuesday, a day after France's Total joined the list of...

Russia’s Gazprom Neft eyes Iran, Cuba oil projects

Reuters: Gazprom Neft, the oil arm of Russian energy firm Gazprom, is looking to expand its foreign operations into oil-rich Cuba and Iran, which...

Oil spill could push up prices – Iran official

Reuters: The Gulf of Mexico oil spill is likely to cause a rise in world oil prices, Iran's OPEC governor, Mohammad Ali Khatibi, said...

Total says it has halted petrol sales to Iran

AFP: French oil group Total said Monday it had halted shipments of oil products to Iran following adoption by the United States of economic...

Spain’s Repsol pulls out of Iran gas project

Reuters: Spain's largest oil company Repsol has pulled out of a contract it won with Royal Dutch Shell to develop part of the South...

Iranian trade with Dubai hit by sanctions, says group

Bloomberg: Trade between Iran and Dubai, a key source of imports for the Islamic Republic, is being squeezed by sanctions over the Persian Gulf...

Latest news

Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for Terrorism and Financial Intelligence, sees Iran's increased capacity to transport...

Iran’s Cooperation Level Unacceptable, IAEA Director Says

The Director-General of the International Atomic Energy Agency (IAEA) described the regime's cooperation with the agency as unacceptable upon...

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...

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Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for...

Growing Calls for the Terrorist Designation of the IRGC

On Monday, April 29, the Iranian regime’s Foreign Ministry...

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U.S. presence causing instability in the region – Iran military chief

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Iran says optimistic about nuclear talks

Reuters: Iran is optimistic about talks with world powers...