Iran Economy News

Iran says Saudi won’t fill Iran gap in oil embargo

Reuters: Saudi Arabia will not seek to replace Iranian oil in the case of oil sanctions against Iran, Iranian Oil Minister Rostam Qasemi said...

Iran crude exports to China’s Sinopec to fall a third in Jan

Reuters: Iran's crude exports to China Sinopec Corp for January loading are set to fall by about 165,000 barrels per day, or a third...

Iran says EU “definitely” will not impose oil sanctions

Reuters: Iran said on Sunday the European Union "definitely" will not impose sanctions on the country's oil exports as the measure will harm the...

Iran sees crude market “relatively balanced”

Reuters: Iran's OPEC governor said on Saturday the oil market was "relatively balanced", indicating the country will not push for any major shift in...

Iran says oil would go over $250 if exports banned

Reuters: Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on...

Sanctions blowback crippling Iran’s shipping trade

Reuters: Iran's vital seaborne trade is suffering from escalating sanctions pressure as shipping companies scale down activities or pull out, with the Islamic Republic...

Iran to soon issue tenders for 21 oil, gas projects, Fars says

Bloomberg: Iran plans to soon start issuing tenders for 21 oil and gas fields to domestic and foreign investors, Fars reported, citing Oil Minister...

Iran’s Ahmadinejad says inflation rate at 19.3%, ISNA says

Bloomberg: Iran’s inflation rate is 19.3 percent, the state-run Iranian Students News Agency reported, citing president Mahmoud Ahmadinejad. BloombergBy Ladane NasseriIran’s...

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The Value of the Rial on a Downward Slope: Direct Consequences of Pre-Crisis Policy Failures

Economic experts always emphasize the key role of smart governance in maintaining financial stability and preserving the value of...

Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

As labor protests continued across different parts of Iran, on Monday, August 3, telecommunications retirees in Bijar County and...

Iran’s Economy in Critical Condition, Insider Warns

Hossein Raghfar, an economist close to the Iranian regime, described Iran's economic situation as "very unfavorable" and warned that...

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Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

As labor protests continued across different parts of Iran,...

Retirees Keep the Flame of Civil Protest Alive in Iran

Retirees in Iran are now forced to take to...

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UN urged to tell all on Iran atomic work-diplomats

Reuters: Western powers, which are considering new sanctions against...