Iran Economy News

Iran seeks OPEC cuts, Arab members unlikely to agree

Reuters: OPEC president Iran threw down the gauntlet to the Gulf Arab oil producers on Friday, asking them to reduce output back to pre-Libya...

Oil up over $115, Iran, Italy eyed

Reuters: Oil prices rose over $115 on Tuesday on the back of strong seasonal fundamentals, as investors weighed the prospect of supply disruption from...

Iran says oil over $100 a barrel is good

Reuters: Iran is happy with current oil prices above $100 a barrel, its oil minister said on Tuesday, despite warnings from the West on...

Iran sees no need for emergency OPEC meeting -ISNA

Reuters: Current OPEC president Iran does not envisage holding an emergency meeting of the oil producers' group ahead of a scheduled one in Decmber,...

China may invest in Iran LNG plant construction, official says

Bloomberg: Iran is in talks with a Chinese group that may finance construction of a liquefied natural gas plant in the port town of...

Iran central bank dismisses U.S. sanctions threat

Reuters: Iran dismissed on Saturday a threat by Washington to impose sanctions on its central bank in response to an alleged assassination plot, saying...

Iran gasoline import slump softens sanctions blow

Reuters: Iranian gasoline imports have slumped by as much as 95 percent over the last four years, according to official government data, as rising...

Iran crude reserves rise to 158 bln barrels – report

Reuters: Iran's oil reserves stand at 158 billion barrels, the ISNA news agency reported on Sunday, signalling a slight rise in the Islamic Republic's...

Latest news

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...

Must read

Three Political Prisoners Subjected to Enforced Disappearance in Evin Prison

Reports from Evin Prison indicate that on the morning...

Iran’s Regime Uses War to Legitimize the Gallows

As the world's attention remains fixed on the drums...

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In Brief: Britain’s reaction to IAEA report on Iran

Iran Focus: London, May 24 – Britain reiterated on...