Iran Economy News

RBI further curbs deals with Iran

Reuters: The Reserve Bank of India (RBI) on Monday further curbed transactions with Iran, saying all current account transactions including trade deals with the...

Iran says market oil balanced and prices likely to increase

Reuters: Iran's OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per...

Resentment builds in Iran over price hikes, subsidy overhauls

Washington Post: Nearly a week after President Mahmoud Ahmadinejad launched a plan to overhaul a long-standing system of state subsidies, Iranians are reeling from...

India c.bank to stop clearing Iran oil payments

Reuters: India's central bank will no longer help facilitate payments for imports of Iranian crude, a statement from the Reserve Bank of India said....

Fears of unrest after Iran cuts food and fuel subsidies

BBC: While President Mahmoud Ahmadinejad was outlining his targeted subsidies plan to the people on television on Saturday, riot police were deploying in Tehran's...

Iranian truck drivers stay off roads as gas prices rise steeply

Washington Post: Thousands of Iranian truck drivers began a second day of strikes Tuesday after a sharp increase in the price of diesel fuel,...

U.S. adds to Iran sanctions shortly after nuclear talks

New York Times: The Obama administration on Tuesday imposed new sanctions on Iran, serving notice that it will not ease the pressure on Tehran...

Treasury targets Iranian banks, investment firm for sanctions

Bloomberg: The U.S. Treasury Department today said it targeted an Iranian investment firm and other entities for financial sanctions aimed at preventing the spread...

Latest news

Iran’s Gold Merchants on Strike in Several Cities

Reports and images circulated on social media indicate the expansion of protests and strikes by gold sellers in several...

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens of cities across Iran, damaging residential homes and agricultural lands....

Iran is the Second Largest Prison for Writers in the World

The 2023 Freedom to Write Index, released by PEN America, shows that Iran continues to be the world’s second-largest...

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Iran is the Second Largest Prison for Writers in the World

The 2023 Freedom to Write Index, released by PEN...

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens...

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U.S. lawmakers seek to revive stalled Iran sanctions bill

Reuters: Republican U.S. senators sought to revive a bill...

Iran’s IRGC Launches Missiles At Northern Iraq

In a statement, the Revolutionary Guards Corps (IRGC) claimed...