Iran Economy News

Iran to notify OPEC of increased oil reserves in late 2010

Bloomberg: Iran will notify the Organization of Petroleum Exporting Countries Secretariat of a rise in its oil reserves toward the end of this year,...

Iran crude storage at sea falls on strong Asia demand

Reuters: The volume of Iranian crude stored at sea has fallen by as much as 4 million barrels because of a spike in Asian...

U.S. warns Turkey against selling Adabank to Iran, Star reports

Bloomberg: The U.S. government warned Turkey against selling Adabank AS to an Iranian bidder after reports a bank from the country was interested in...

Iran sidesteps trade sanctions with help from Chinese firms

Los Angeles Times: Iranian officials say international sanctions haven't kept them from continuing to do business with much of the world. At the Tehran...

Iran to pare food, gas subsidies

Wall Street Journal: Iranian President Mahmoud Ahmadinejad has taken initial steps to remove government subsidies of key energy and food products for Iran's citizens,...

Foreigners buy Iran shares at three times pace as rules change

Bloomberg: Foreigners bought three times as many shares in Iran’s publicly traded companies in the past six months as they did a year earlier...

Italy’s crude imports from Iran up 85 percent

Reuters: Italy's imports of crude oil from Iran surged 84.6 percent year-on-year to 6.12 million tonnes in the first seven months of 2010, Italy's...

Iran postpones cutting petrol subsidies

AFP: Iran has again put off for a month plans to increase petrol prices by removing subsidies, which had been set to come into...

Latest news

Tunnel Entrances at Isfahan Nuclear Site Blocked, According to The Telegraph

The Telegraph reported in a new article, citing satellite imagery, that the Iranian regime has moved to block three...

21-Hour Negotiations Between United States and Iranian Regime End with No Results

According to Reuters, after 21 hours of intensive talks between representatives of the United States and the Iranian regime...

A Fresh Wave of Arrests and Judicial Repression in Iran

As the widespread repression of citizens continues across different parts of Iran, the intelligence and law enforcement bodies of...

Must read

Iranian Regime Rejects U.S. Ceasefire Proposal, Major Attack on Asaluyeh Petrochemical Facilities

On Monday, the official IRNA news agency reported that...

21-Hour Negotiations Between United States and Iranian Regime End with No Results

According to Reuters, after 21 hours of intensive talks...

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US criticizes Iran for blocking ‘virtual embassy’

AFP: The United States on Wednesday criticized Iran for...

New charges filed against Irish firm on Iran exports

AFP: New charges were filed Wednesday against Irish-based Mac...