Iran Economy News

Indian refiners seek more Saudi oil for August -sources

Reuters: Indian refiners have asked top exporter Saudi Arabia for more oil for August, sources said, as they fear Iran will halt supply of...

Iran converts heavy oil into light crude, Fars News Agency says

Bloomberg: Iran has developed technology to transform its “considerable resources” of ultra-heavy crude into lighter oil, Fars News Agency reported, citing Deputy Oil Minister...

Iran warns it may halt crude supplies to India

AFP: Iran on Tuesday issued a new warning that it will halt supplies of crude to India unless the issue of billions of dollars...

Iran to export 2.6 mln litres of gasoline per day

Reuters: Iran said on Sunday it would export 2.6 million litres of gasoline per day due to a rise in production and fall in...

Iran and China increase trade

Iran Focus: Tehran, Jul. 17 - Iran and China have signed several agreements worth $4 billion to expand infrastructure and trade ties, Iranian state...

Iran sees trade booming despite sanctions

UPI: Iran expects to garner non-oil trade worth more than $45 billion during its current calendar year despite a plethora of international sanctions led...

Iran cabinet approves plan to re-denominate currency, Donya says

Bloomberg: Iran’s cabinet approved a plan to re-denominate the rial by slashing four zeros from the national currency, Donya-e-Eqtesad reported, citing Central Bank Governor...

In Iran, sanctions aim at shipping lifeline

Washington Post: On June 30, the Danish shipping giant Maersk startled Iran’s trade officials by abruptly pulling out of the country’s three largest ports....

Latest news

Iran’s Regime Executes Two More Protesters from the January Uprising

This morning, two more protesters were executed by Iran's regime. Mizan, the state-run news agency affiliated with the judiciary of...

The Collapse of Iran’s Economic Resilience

The latest international reports show that the Iranian regime’s economy ranks near the bottom among 130 global economies. This...

Iranian Nurses Protest Unpaid Outstanding Claims

On May 30, a group of nurses in Yazd Province held a protest rally outside the Governor-General's Office, demanding...

Must read

Workers At Iran’s Makran Steel Face Nine Months of Unpaid Wages

The ongoing crisis of unpaid workers’ wages in contracted...

US Imposes New Restrictions on Iranian Airlines

The Wall Street Journal, quoting U.S. Treasury Secretary Scott...

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Canada asks Iran to charge or free jailed writer

Reuters: Canada has asked Iran to either charge or...

Iran will produce own nuclear fuel if needs be: cleric

AFP: Iran will produce its own fuel for a...

Iran-Backed Cartel Controls Iraqi Borders

Since the U.S. invasion to Iraq in March 2003,...