Iran Economy News

Iran produces fuel in 5 petrochemical plants to face sanctions

Bloomberg: Iran is producing gasoline in five of its petrochemical plants as part of a plan to halt imports and counter international sanctions, the...

Iran bazaar in new strike over VAT increase-report

Reuters: Iranian merchants closed their shops in Tehran's main bazaar on Saturday to protest government plans to raise value-added tax (VAT), a website said,...

Iran fuel imports dive in Sept on sanctions-trade

Reuters: Iran has so far imported less than one gasoline cargo for September, taking shipments to some 80 percent less than in August when...

European demand for Iranian oil eases – sources

Reuters: More European oil companies are trimming their purchases of Iranian oil, company sources said on Friday, citing the increasing difficulty of financial transactions...

Factbox: Foreign companies stepping away from Iran

Reuters: Germany's ThyssenKrupp said on Thursday it would freeze new business with Iran with immediate effect in response to ever-harsher sanctions against the Islamic...

German steel giant pulls out of Iran

AFP: ThyssenKrupp became on Thursday Germany's latest corporate giant to announce it was pulling out of Iran as part of Western pressure on the...

Iranians shocked by power bills as subsidy slashed

Reuters: Many Iranian householders have been stunned by huge electricity bills after the government suddenly withdrew fuel subsidies without warning exactly when the cuts...

Lawmaker wary of China/Iran ties

Reuters: Wary that Chinese oil companies could be undermining new U.S. sanctions against Iran, the chairman of the House Foreign Affairs Committee said he...

Latest news

Details of the Execution of six PMOI Members

Following the execution of six prisoners affiliated with the People’s Mojahedin Organization of Iran (PMOI/MEK) by Iranian regime security...

International Conference Condemns Rise in Iran Executions, Voices Support for NCRI

An international conference was held near Paris on April 10 to protest the recent rise in executions in Iran....

Amnesty International: Internet Access Is a Fundamental Human Right and Must Be Restored Immediately

As Iran continues to experience one of its longest internet disruptions, Amnesty International on Friday, April 10, pointed to...

Must read

Political Prisoner Maryam Akbari Monfared Released from Prison After 17 Years

Maryam Akbari Monfared, a political prisoner, was released after...

International Conference Condemns Rise in Iran Executions, Voices Support for NCRI

An international conference was held near Paris on April...

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Dubai looks to Qatar for oil as flow from Iran cut

AP: Dubai's government-run oil company says it has started...