Iran Economy News

Iran acknowledges sanctions driving up costs

AP: Iran's commerce minister on Saturday denied that international sanctions imposed on the country over its disputed nuclear program have damaged Tehran's trade ties...

Iran forex reserves exceed $100bln: Ahmadinejad

AFP: President Mahmoud Ahmadinejad said on Saturday that the foreign exchange reserves of sanctions-hit Iran were higher than the World Bank's estimate of 100...

Azeri gas project unaffected by Iran sanctions-min

Reuters: Azerbaijan has so far seen no impact from European sanctions against Iran on its Shah Deniz gas project, in which Iranian state energy...

EXCLUSIVE-China slows Iran oil work as U.S. energy ties warm

Reuters: China's top energy firms have slowed work on projects in Iran as their ties grow with U.S. energy companies, a blow to Tehran...

Iran to sell bonds worth $2.3 billion for gas-field development

Bloomberg: Iran will sell rial bonds worth $2.3 billion on Nov. 6 to finance the second development phase of its South Pars gas field,...

Iran deputy seeks transparency on subsidies cut plan, Mehr says

Bloomberg: A member of Iran’s Parliament has criticized the government for its lack of transparency in implementing a plan to cut energy and food...

BP, Statoil’s Shah Deniz gas field exempt from EU Iran sanctions

Bloomberg: BP Plc and Statoil ASA’s Shah Deniz natural-gas field off the coast of Azerbaijan was exempted from European Union sanctions on Iran, clearing...

EU’s sanctions on Iran hit BP

Wall Street Journal: BP PLC will likely have to shut down a natural gas field in the North Sea that it jointly owns with...

Latest news

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...

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

Rafael Grossi, the Director General of the International Atomic Energy Agency (IAEA), has stated that Iran is just weeks...

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

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

Iran’s Regime Publishes Misleading Information About Unemployment Rate

The state-run Donya-e-Eqtesad newspaper has criticized the "statistic manipulation"...

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Influential congresswoman faults Bush on Iran

Reuters: An influential Republican congresswoman expressed frustration on Friday...

Man hanged in central Iran

Iran Focus: Tehran, Iran, Aug. 14 – An Iranian...

Coburn delays State nominee over pro-Iran radio

Washington Times: President Bush's nomination of a successor to...