Iran Economy News

Iran increases gas prices in overhaul of subsidies

Washington Post: Police patrolled the streets of Tehran and other cities as Iran on Sunday started a politically sensitive overhaul of the way state...

Iran gasoline use drops 16.6 pct after price hike

Reuters: Iranian gasoline useage dropped by 16.6 percent on the first day after the government of President Mahmoud Ahmadinejad implemented a deeply unpopular four-fold...

Last Italian bank suspends Iran oil deals

Reuters: Intesa SanPaolo has suspended financing Iranian oil trading deals, becoming the last Italian bank to bow to pressure from the United States to...

Heavy security on Iran streets after subsidy cuts

AP: Iran deployed squads of riot police around the major intersections of the capital Sunday, bracing for any kind of violent backlash in the...

Petrol prices shoot up as Iran scraps subsidies

AFP: Domestic petrol prices shot up as much as fourfold on Sunday as the Iranian government started to implement a controversial plan to remove...

Iran trims petrol ration, first step in subsidy cut

Reuters: Iran has reduced the ration of heavily subsidised gasoline motorists can buy each month, an official said on Saturday, in a tentative first...

Iran sees no increase in OPEC quotas

Reuters: The Organisation of the Petroleum Exporting Countries will not increase quotas at a meeting on Saturday in Quito, Iran's oil minister said, a...

Iran confirms seizure of three ships in Singapore, Arman says

Bloomberg: Three Iranian ships were seized several days ago in Singapore waters in a move linked to financial sanctions against Iran over the country’s...

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Iran’s Regime Sentences Singer Toomaj Salehi to Death

Amir Reisian, Toomaj Salehi’s lawyer, says the so-called “Revolutionary Court” in an "unprecedented" move has sentenced this dissident singer...

Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis (parliament) recently released a report highlighting the dire situation of...

U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing the Iranian regime's actions, the United States House of Representatives...

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U.S. House of Representatives and Senate Approve Measures Targeting Iran’s Regime

In a resolute move showcasing bipartisan unity towards addressing...

Grossi: Iran Weeks Away from Having Enough Enriched Uranium for Atomic Bomb

Rafael Grossi, the Director General of the International Atomic...

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Iran: Issue of Isfahan UCF no longer on negotiation table

Iran Focus: Tehran, Iran, Aug. 20 – Iran announced...

Biden touts Iran sanctions as Ryan voices doubts

AP: Vice President Joe Biden says his administration has...

We will not allow US to dominate Iran: Khamenei

AFP: Iran's supreme leader Ali Khamenei said on Wednesday...