Iran Economy News

Iran explores layer of 34 bln barrels -ministry

Reuters: Iran has explored a layer of 34 billion barrels of crude under an offshore gas field in the Gulf, the Oil Ministry's website...

Credit hurdles remain hindrance to Iran oil trade

Reuters: Oil trade with Iran remains more difficult following tougher sanctions against the Islamic Republic, industry sources said, despite a message from the European...

UK Rhum gas field shuts due to EU sanctions on Iran

Reuters: BP has suspended production at Britain's North Sea Rhum gas field due to European Union (EU) sanction against Iran, the operator said on...

Iran says oil at $100 would not hurt world economy

AFP: Iran said on Sunday that the world economy is in a position to absorb an oil price of 100 dollars a barrel even...

Iran’s Entekhab buys Daewoo Electronics unit: reports

AFP: Iran's Entekhab Industrial Group has signed a contract sealing its acquisition of South Korea's Daewoo Electronics for 518 million dollars, reports and officials...

Iran won’t wait for foreigners to develop oilfield

Reuters: Iran won't wait for foreign investors to develop joint oilfields with neighbouring states, a senior oil ministry official was quoted on Saturday as...

Increased security as Iran’s subsidy programme bites

BBC: Police have been deployed on the streets of Tehran as the government begins making dramatic cuts to a wide range of subsidies. ...

Iran to boost electricity prices from December, Donya reports

Bloomberg: Iran will start increasing electricity rates from December as part of a wider plan to phase out subsidies of prices for energy and...

Latest news

Iran’s Regime Uses War to Legitimize the Gallows

As the world's attention remains fixed on the drums of war echoing across the Middle East, the Iranian regime...

Rising Inflation in Iran and Uncertainty Over Workers’ Livelihoods

The livelihoods of workers and retirees have faced unprecedented challenges in recent months. Point-to-point inflation has reached 96%, and...

Reuters Exposes $4 Billion Iran-Linked Gambling Network  

A Reuters special investigation shows that one of the world's largest illegal gambling networks has become part of the...

Must read

Thirteenth Day of the Hunger Strike By 1,500 Prisoners, Condition of the Strikers Is Critical

The collective hunger strike by around 1,500 death-row prisoners...

Retirees Protest Across Iran Against Poverty, War, and Executions

On Sunday, July 26, retirees covered by Iran's Social...

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Iran aims to export first LNG in late 2010

Reuters: Iran plans to export its first liquefied natural...

40 million Iranians Below Poverty Line

Iran’s economy entered the year 2026 while many economists...

Germany calls Iran nuclear claim ‘step in wrong direction’

AFP: The German government said Wednesday it was "deeply...