Iran Economy News

Iran to cut cash handouts to millions to limit budget spending

Bloomberg: Iran will pare handouts to millions of citizens in its effort to limit spending in the new Iranian year starting late March, state-run and...

Turkey, Iran eye big trade boost despite strained ties

AFP: Turkey and Iran aim to more than double trade to $30 billion (21.9 billion euros) next year from $13.5 billion in 2013 despite strained...

Iraq, Iran plot to challenge Saudi domination of OPEC

UPI: Hussein Shahristani, Iraq's energy chief, says Baghdad is working with Iran to boost oil exports, a move by these two Shiite-majority powers that...

Iran oil-shipping insurance seen unusable on lack of clarity

Bloomberg: Insurance for tankers to export Iranian crude may be unusable even after the U.S. and the European Union eased sanctions against the Persian Gulf...

Iranian oil tanker sanctions suspended after nuclear deal

Bloomberg: National Iranian Tanker Co. got permission to ship oil to some Asian countries as sanctions were eased, the official Islamic Republic News Agency reported,...

Iran to woo oil companies with ‘sexy’ contracts, Total CEO says

Bloomberg: Iran plans to offer oil companies improved terms to develop oil and natural gas fields once a trade embargo against the country is lifted,...

Iran oil exports exaggerated, U.S. officials say

Bloomberg: Iran is exaggerating its crude oil export figures and won’t be allowed to sell more than 1 million barrels a day over the next...

Eni’s Recchi interested in seeing Iran open up as sanctions end

Bloomberg: Giuseppe Recchi, chairman of Italy’s biggest energy company Eni SpA (ENI), said he’d be interested in seeing Iran open up to investment following years...

Latest news

Iranian Medical Student Sentenced to Death for Helping Injured Protesters

The Iranian regime's judiciary has sentenced Sepehr Amirzadeh, a medical student and political prisoner held in Isfahan Prison, to...

Purchasing Power of Iranian Workers at Very Low Levels

The livelihood situation of workers in Iran has entered a worrying stage. The continuous rise in the prices of...

Egypt And Bahrain Condemn Iranian Regime Attacks on Oil Tankers

In a statement, Bahrain's Foreign Ministry strongly condemned the Iranian regime's attack on two United Arab Emirates oil tankers...

Must read

Oil Pollution Reaches the Shores of Persian Gulf

Oil pollution on the southern shores of Qeshm Island,...

CENTCOM: 59 Vessels Linked to Iran Redirected

The U.S. Central Command (CENTCOM) says that as of...

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Syria’s al-Assad to visit Iran next week

Iran Focus: Tehran, Iran, Aug. 01 - Syrian leader...

11 dead in floods in Iran

by Pooya Stone Eleven people have died because of...