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Dollar surges in Iran as sanctions bite: forex dealers

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AFP: The US dollar rate surged in Iran on Thursday as local banks halted the sale of foreign currency to private individuals, with some dealers saying the rise was because of latest sanctions on Tehran.

Iran media subsidies to be based on loyalty: minister

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AFP: Iranian newspapers will receive government aid based on their loyalty to the establishment, Culture and Islamic Guidance Minister Mohammad Hosseini was quoted as saying by media on Thursday.

Iran summons envoy for U.S. “sanctions” on its officials

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Reuters: Iran summoned the Swiss ambassador in Tehran on Thursday to protest over what it called U.S. sanctions imposed on eight Iranian officials who Washington says participated in human rights abuses, media reported.

Iran cenbank says to stabilise rial vs dollar

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Reuters: The Central Bank of Iran aims to stabilise the currency, which suffered a sudden drop in value in recent days, to a “normal” exchange rate with the U.S. dollar by next week, the bank’s governor said on Thursday.

U.S. imposes sanctions on 8 Iran officials for crackdown

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New York Times: Opening a new front in its pressure campaign against Tehran, the Obama administration on Wednesday put eight Iranian officials on a blacklist for their role in the bloody suppression of anti-government demonstrators after the disputed Iranian election last year.

Japan to withdraw from Iran oil project: reports

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AFP: The Japanese government and oil developer Inpex Corp. plan to completely withdraw from Iran’s largest onshore oil field project to avoid possible US sanctions, news reports said Thursday.

Four oil companies pull out of Iran: State Dept

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AFP: The United States said Thursday that energy giants Total of France, Anglo-Dutch Shell, Norway’s Statoil and Italy’s Eni have pledged to end their investments in Iran.

Goldsmiths go on strike in N.W. Iran

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Iran Focus: Tehran, Sep. 29 – Goldsmiths in the north-western city of Ardebil have staged a strike that they say will continue until 5 October.

US asks Japan to withdraw from Iran oil project-media

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Reuters: The United States has asked the Japanese government to withdraw from Iran’s Azadegan oil field project in which Japanese oil developer Inpex Corp has a stake to reflect Washington’s sanctions on Tehran over its nuclear programme, a Japanese newspaper reported on Wednesday.

Iran nuclear plant hit by two-month delay: official

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AFP: Iran’s atomic chief said on Wednesday that the country’s first nuclear power plant will be ready to generate electricity by January — two months later than announced.