Iran Economy News

Iran’s Grand Bazaar on strike in tax showdown

Reuters: With shops that sell everything from herbs and spices to carpets and gems now firmly closed, Tehran's Grand Bazaar is on strike with...

Tehran Bazaar remains closed

Iran Focus: Tehran, Jul. 12 - The Tehran Bazaar remained closed on Sunday. The strike, which began last week against proposed tax hikes, will...

Iran Guards profiting from sanctions: Karroubi

AFP: Opposition leader Mehdi Karroubi has said Iran's elite Revolutionary Guards back sanctions against Tehran as they make "astronomical profits" from the punitive measures,...

IRAN: Merchants continue to protest government’s proposed tax hike

Los Angeles Times: All eyes in Iran are on the bazaar, the nation's traditional marketplaces, where tensions have peaked over a proposed tax hike...

Iran cuts crude oil stored in tankers 40% since April

Bloomberg: Iran, the second-largest oil producer in the Middle East, released six supertankers from its fleet of vessels storing crude oil, a 40 percent...

Ahmadinejad under fire from parliament speaker

AFP: Hardline Iranian President Mahmoud Ahmadinejad has come under fire from parliament speaker Ali Larijani, a fellow conservative who stood against him when he...

Protests simmer among Iran’s powerful merchants

AP: Tehran's powerful merchants don't need street protests to make their anger known — the sound of shops being locked up and metal grates...

Lloyd’s of London backs US sanctions on Iran

Daily Telegraph: Lloyd's of London has warned companies it will not longer insure or reinsure petroleum shipments entering Iran. The Daily...

Latest news

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

The ongoing crisis of unpaid workers’ wages in contracted projects has once again made headlines at Makran Steel in...

Trump Leaves Advisors’ Meeting Without Reaching a Final Decision

A meeting between U.S. President Donald Trump and his senior national security and political team regarding the course of...

Iran’s Regime Grudgingly Backs Down from its Longest Internet Shutdown

The widespread shutdown of international internet access, which began in January 2026 alongside the escalation of the nationwide uprising,...

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US Imposes New Restrictions on Iranian Airlines

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

Netblocks: Iran’s Internet Faces Heavy Filtering Despite Restored Connectivity

NetBlocks, the global internet monitoring organization, says that Iran’s...

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Iran feels sanctions pain as oil income slumps

Reuters: Iran's state finances have come under unprecedented pressure...

Lebanon in turmoil as Hezbollah takes west Beirut

AFP: Hezbollah fighters, their guns blazing, seized control of...