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

US Slaps New Sanctions on Iran’s Drone Program

On Thursday, April 25, the United States imposed new sanctions on the regimes of Iran and Russia. According to a...

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...

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Iran Faces Severe Medicine Shortage and Lack of Government Funding

The Health and Treatment Commission of Iranian regime’s Majlis...

In the past two years, 8 million people added to Iran’s poor population

According to information analyzed by the state-run Etemad newspaper...

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Iran moving slowly into gas export market

UPI: Iran sees developments at its massive South Pars...

Barack Obama’s deal puts pressure on Russia to help with Iran

The Times: It was clever of President Obama to...

Oil vulnerable as OPEC supply cushion thins: Iran

Reuters: Rising OPEC output has cut the group's spare...