Iran Economy News

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...

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

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...

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

Washington Post: As Congress prepares to target Iran's vital fuel imports as part of its most far-reaching sanctions package yet, observers say the Tehran...

BBC: Iran has doubled the denomination of its highest banknote to 100,000 rials ($10, £6.50), its Central Bank Governor Mahmoud Bahmani has announced. ...

Reuters: Iran will issue bonds worth 2 billion euros ($2.48 billion) to help finance development of its petrochemical industry, the Oil Ministry website SHANA...

Reuters: Iran has discovered 2.19 trillion cubic feet of in-place natural gas reserves in the Islamic state's northwest, an Iranian newspaper reported on Sunday....