Iran Economy News

HPCL slams door on Iran for crude oil imports

The Hindu: In a sign that Western sanctions weigh heavily on it, Hindustan Petroleum Corporation Limited (HPCL) has virtually slammed the door on Iran...

Iran offers sovereign cover for vessels, Indian refineries

Indian Express: With India refusing to provide a sovereign guarantee to refineries processing Iranian crude, Iran has stepped in to back Iranian insurance...

Thailand sells 250,000 tonnes of rice to Iranian government

Business Recorder: The Thai government has signed a contract to sell 250,000 tonnes of rice from its stocks to Iran in a government-to-government...

Renault profits plunge on Iranian charge

AFP: French auto group Renault reported a profit plunge on Friday owing to charges for halting its activities in Iran and for ...

Iran needs higher oil price for 2013 budget, Apicorp says

Bloomberg: Iran needs the highest oil price among OPEC members to balance its 2013 budget, according to an inter-governmental Arab energy lender. Iran...

Renault may scale back in Iran

Wall Street Journal: French car maker Renault SA, one of the last large European companies still active in Iran, is considering winding down...

Iran inflation accelerates, poses headache for Rouhani

Daily Star: Iran’s inflation rate surged to 45 percent in June, official data showed, adding pressure on squeezed Iranian households and an indication...

Schlumberger discloses Iran operations wind-down

Wall Street Journal: Oil field services giant Schlumberger said late Wednesday its non-U.S. subsidiaries provided oilfield services to the National Iranian Oil Co....

Latest news

The Pressure of Growing Cost of Living on Iranian Families

The livelihood challenges facing the Iranian people have forced what is described as a "survival economy" upon society. According...

Audio Message from Political Prisoner Parisa Kamali from Yazd Central Prison

Parisa Kamali, a political prisoner held in Yazd Central Prison, sent an audio message referring to the continued crimes...

Parliamentary Research Center Warns About Expansion of Poverty in Iran

A new report by the Iranian regime’s Parliamentary Research Center paints an alarming picture of the future of livelihoods...

Must read

Triple-Digit Inflation Pushes Iran’s Lower and Middle Classes to Breaking Point

The state-run Economy24 website, citing the latest inflation data...

The 132nd Week of the ‘No to Execution Tuesdays’ Campaign Across 59 Prisons

In the 132nd week of the "No to Execution...

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Reuters: Russia's nuclear chief on Friday said only full...

Iran: Latest on a Female Political Prisoner

Iran Focus London, 4 November - A political prisoner in Iran...

Asia oil buyers urge EU to revise sanctions on Iran

Reuters: Japan, South Korea and global ship insurers are...