Chief Editor of Iran International English website
Chief Editor of Iran International English website
The Iranian year 1403 ending on March 20 marked one of the most challenging yet for the country’s ruling elite, which has been beset by economic malaise at home and historic setbacks abroad.
Less than a week before the start of the new Iranian year, the government has yet to set new wages, which are adjusted annually for tens of millions of public and private sector workers.
Iran’s foreign ministry on Monday reiterated that Tehran has not received a letter from US President Donald Trump, who said it was sent last week requesting talks on Iran’s nuclear program.
Two weeks after Iran’s Supreme Leader banned talks with the United States, voices in Tehran are calling for negotiations to address the country’s growing economic challenges.
Despite President Donald Trump's announcement to reinstate his maximum pressure sanctions on Iran, experts doubt the policy can truly cut Tehran's oil shipments to force the concessions he seeks.
Within the span of 24 hours, confusion has emerged in Iran over who is leading any potential nuclear negotiations, even as the president and senior officials press for talks with Washington.
Iran’s President Masoud Pezeshkian praised Vladimir Putin in a Russian state TV interview for resisting the United States but carefully sidestepped provocative questions as his government broaches potential renewed US talks.
As Iran's fiscal year draws to an end in March, the government and parliament grapple with the challenge of raising wages in line with an inflation rate of 40% that has pushed millions of workers to poverty.
A day after Iran’s Supreme Leader urged officials to dismiss US demands, a conservative newspaper in Tehran advocated for negotiations, describing them as the only viable path to addressing the country’s economic crisis.
As voices associated with Iran’s ruling establishment increasingly advocate for negotiations with the United States, a prominent newspaper has warned that up to 50% of the population is now living below the poverty line.
Iraq’s prime minister is set to visit Tehran on Wednesday to discuss regional issues following the tumultuous events of 2024, including the overthrow of Syria’s Bashar al-Assad and the decline of Iran’s regional influence.
Several analysts, officials and media outlets in Iran are warning that multiple crises have gripped the country in recent months and those in charge should deal with this reality.
Iran's energy-rich government is bracing for potential unrest amid rolling blackouts and rising gasoline prices, with judicial, security and intelligence services briefed to be ready for a response.
Iran’s oil minister denied reports on Wednesday that oil exports have declined, even as the Iranian currency continued its downward spiral and the country faced acute shortages of natural gas and electricity.
Recent regional setbacks have further weakened Iran’s hardliners at home, with increasing criticism from within the establishment holding them responsible for mismanagement and misdirection in the country’s foreign and domestic affairs.
Iran’s state media maintained their optimistic forecasts about talks Tehran says are forthcoming with Europe on November 29, despite the lack of confirmation from the EU or the countries involved.
Iranian officials have so far remained silent on reports that Elon Musk, a Trump team insider, met with Tehran’s ambassador to the UN. However, some state-controlled media outlets have described the meeting as potentially beneficial.
President-elect Donald Trump’s high-level appointments may signal the direction and tone of his policies toward Iran's Islamic government in the coming weeks, though he has shared little about his immediate intentions.
While the Islamic Republic’s establishment downplays Israel’s air strikes as ineffective and praises Iran’s air defenses, many hardliners are pushing for a retaliatory response—one that risks triggering further reciprocal attacks.
Iran’s currency, the rial, has plunged near historic lows as the threat of direct confrontation with Israel looms, raising concerns about soaring inflation and adding pressure on the government to manage its economic challenges.
Following the recent escalation between Iran and Israel, a hardline Tehran newspaper is calling for a significant shift in the Islamic Republic’s nuclear doctrine, advocating for a major “transformation.”
Iran will continue to oppose US and Western "unilateralism," Foreign Minister Abbas Araghchi stated upon his arrival in New York for the UN General Assembly. He also strongly condemned Israel’s recent attacks against Hezbollah.
Iran’s new Foreign Minister Abbas Araghchi told state television that Tehran will fully back its ‘Resistance Front’ in the region by providing “unlimited support,” as Israel tries to fully defeat the Palestinian Hamas.
Twenty-three years after the world was shaken by devastating Islamic terrorist attacks in the United States, it's challenging to view the current Middle East crisis as a direct outcome of that "day of infamy," to quote President Franklin D. Roosevelt.
In his first televised interview as President, Masoud Pezeshkian attempted to maintain the persona of a relatively candid politician but carefully sidestepped major issues and questions.
As Iranian officials continue to issue threats of missile retaliation against Israel for the killing of Ismail Haniyeh, a conservative newspaper on Tuesday suggested that a more effective response would be to create insecurity within Israel.
A conservative Iranian economist has warned the government to handle its foreign currency reserves with care, considering the possible presidency of Donald Trump and the likelihood of increased US economic pressure.
Iran’s President Masoud Pezeshkian has appointed Mohammad-Reza Aref, a ‘reformist’ known for his aloof conduct as a lawmaker, as his first vice president, contrary to earlier reports suggesting a top economist would get the post.
In a meeting with the outgoing government, Iran’s Supreme Leader, Ali Khamenei, lavished praise on the late president Ebrahim Raisi, stating that "he was an exemplary model of management," for all officials.
Iran’s defeated presidential candidate Saeed Jalili visited president-elect Masoud Pezeshkian’s office on Saturday night, less than one day after the election results were announced, where the two held a meeting.
A short video interview with a 'moderate' candidate in Iran’s upcoming presidential election has stirred interest because a reporter asked the candidate if he would appoint Javad Zarif as foreign minister if elected president.
Iran-aligned Houthis in Yemen have intensified attacks on international shipping, while the Lebanese Hezbollah, Iran's most powerful proxy force, launched volleys of missiles against Israel over the past week.
Iran’s battered currency, the rial, has recovered more than half of its losses during May as the likelihood of war with Israel decreased and the US continued negotiations with Tehran.
US National Security Adviser Jake Sullivan and Saudi Crown Prince Mohammed bin Salman met in Dhahran to discuss a range of issues, including normalization of ties with Israel.
The head of the UN nuclear watchdog has expressed concerns over threats by Iranian officials to consider building nuclear weapons, while also voicing hope that Tehran is ready for serious talks.
US support for Israel in the past six months has vindicated the Islamic Republic’s pessimism toward the United States, Supreme Leader Ali Khamenei claimed in a speech on Wednesday.
Islamic Republic's Supreme Leader Ali Khamenei on Thursday called on Muslim countries to isolate Israel, seemingly taking advantage of rising concerns about a retaliatory attack by Tehran.
A prominent conservative newspaper editor and politician argues that Iran is grappling with a governance crisis, yet desperate pleas are falling on deaf ears.
Israel is not systematically targeting Iranian forces in Syria, Fars news website affiliated with the Revolutionary Guard stated on Tuesday, downplaying repeated air strikes.
A hardline politician recently suggested that that an absolute ruler in Iran is not enough, “absolute obedience” is needed, referring to the Supreme Leader.
Top Iranian officials have been increasingly making odd statements in recent weeks, trying to convey a sense of invincibility and success, as Hamas struggles to survive.
Iran’s oil production should increase from 3.4 million barrels per day to 3.6 million by the end of the Iranian year on March 20, Oil Minister Javad Owji said on Tuesday.
A prominent Iranian economist, highlighting corruption and mismanagement, has questioned the persisting large budget deficit despite increased oil exports.
The weakening of the Islamic Republic’s legitimacy among Iranians is most evident in increasingly bold statements against its founder, Ayatollah Ruhollah Khomeini.
Iran’s defense ministry warned Sunday that it will not tolerate any changes to international borders in the region, amid serious tensions between Armenia and Azerbaijan.
As the Iranian government claims economic successes, a central bank report shows the money supply increased by 45% this year, heralding more high inflation.
The Iranian government’s debt surged by 61% during the last budgetary cycle, amid a severe economic crisis, as reported by Parliament’s Research Center on Sunday.
The Deputy of Iran’s Atomic Energy Organization has said that the JCPOA nuclear deal is no longer effective, especially for Europeans and the United States.
The release of Iran’s $6 billion frozen funds from South Korea has prompted a website in Tehran to ask: What about over $30 billion owed by the Syrian regime?
After the US-Iran hostage release deal, a report said Monday that Tehran boosted its oil exports to levels not witnessed since 2017, when there were no sanctions.
Iran’s minister of intelligence Esmail Khatib said Sunday that secret services are holding “spies from Sweden, France and Britain,” referring to some Western hostages.
As the United States has acknowledged a hostage release deal with Iran, the US Navy has repeatedly warned of threats to commercial shipping in the Persian Gulf.
Conflicting statements regarding the allocation of Iran's unfrozen funds persist between Washington and Tehran, with Iran refuting any imposed limitations.
Iran unveiled a series of what it called new maritime weapons this week as Washington appeared to be increasing pressure on Tehran on at least two fronts.
Iran’s government has been aggressively borrowing from quasi-public banks to fill its budgetary gap and keep its unprofitable companies afloat, local media report.
Secretary of State Antony Blinken reiterated Sunday that the US is pursuing de-escalation with Iran, but it remains unclear if Washington has made any offers to Tehran.
Iran aims to start oil for goods barter with Pakistan as Tehran’s finances remain bleak with rising food, medicine prices and shortages amid ongoing sanctions.
Since the saga of US envoy for Iran Robert Malley unfolded on Thursday, government officials in Tehran have remained silent, but others had plenty to say.
Our war against “the enemy” will end only if we give up real Islam, or if the United States gives up its animosity, an Iranian firebrand ideologue has said.
Iran’s battered currency has risen by more than 10 percent since early May on hopes of a foreign policy breakthrough, but the economic fundamentals remain bleak.
Tactical compromises with “the enemies” will not reduce their enmity Supreme Leader Ali Khamenei said on the death anniversary of Ayatollah Ruhollah Khomeini.
The United Arab Emirates said Wednesday that it withdrew from a US-led Middle East maritime security coalition two months ago after evaluating its security relationships.
An “honorable” foreign policy that rejects supplication should be the guide for Iran’s diplomats, Supreme Leader Ali Khamenei said in a speech on Saturday.
A news website in Iran has warned that high inflation was detrimental in the fall of the Roman Empire, as the government conceals data to hide galloping prices.
A former Iranian diplomat and pundits in Tehran agree that the JCPOA cannot be revived in its past form and the United States is looking for new arrangements.
Iran has spent most of its national sovereign wealth fund in the past decade or so amid sanctions, the chairman of the national inspectorate said Sunday.
As global oil prices dropped in late April and early May, further indications emerged that embattled Iran provides large discounts to its main customer China.
As US National Security Advisor Jake Sullivan Thursday announced his visit to Saudi Arabia, he reiterated that Washington will not allow Iran to obtain nuclear weapons.
Iran has humiliated Israel by organizing “Islamic resistance”, commander of the Revolutionary Guard’s Quds Force, Esmail Qaani said in Tehran on Wednesday.
Iran’s parliament impeached industry minister Reza Fatemi-Amin Sunday for the current economic crisis, despite a direct intervention by President Ebrahim Raisi.
A television debate on liberal and state-control economic principles captivated audiences in Iran this week, as the country looks for solutions to its crisis.
The instructor of Zionists in espionage, terror, sabotage is Satan, “this is their millennia-old profession,” a senior commander of Iran’s Revolutionary Guard says.
Iran continues outreach to regional Arab countries aimed at isolating Israel, as top Israeli officials are warning of a multi-front war orchestrated by Tehran.
Government media and regime supporters in Iran have been speculating about the economic benefits of restored diplomatic ties with Saudi Arabia, amid domestic crisis.
The 15-percent discount Iran offers for its exported oil is not a very high percentage, the chairman of oil and gas exporters union Hamid Hosseini says.
Despite lack of any evidence, IRGC-affiliated Tasnim news claims that former Iranian president Hassan Rouhani is preparing to run for parliament next March.
Iran’s foreign ministry spokesman Nasser Kanaani says a decision by the United States to send a submarine to the region is an attempt to cover up American decline.
After two days of serious Israeli-Palestinian flare ups, Iran’s Revolutionary Guard and hardline media have so far remained unusually quiet on the issue.
In his vitriolic new year speech, Iran’s Supreme Leader claimed the US president and European heads of state arm the country’s revolutionaries.
A tweet by Iran’s foreign minister saying there is full coordination in foreign relations has led to further speculation about his absence in diplomatic missions.
China, Russia and Iran have started maritime drills in the Gulf of Oman, less than a week after Tehran and Riyadh agreed to restore ties with Chinese mediation.
The decline of American and “Zionist power” has begun, military advisor to Iran’s ruler Ali Khamenei said Sunday, following a Chinese brokered deal with Saudis.
The head of UN’s nuclear agency, Rafael Grossi, told reporters on Monday that his meeting with Iran’s President Ebrahim Raisi March 4 had “enormous importance.”
Trading in Tehran markets has largely come to a halt as the currency rial is near its all-time low, Iran International has learned from merchants and traders.
As February 24 marks one year of Russia's war in Ukraine, it also marks one year since Iran’s nuclear talks ended in Vienna, despite US reluctance to admit it.
Iran will show a serious response if the West activates the UN’s “trigger mechanism” to bring back international sanctions, a top member of parliament said Thursday.
Chaos reigned in financial and currency markets in Iran on Tuesday as the government scrambled to contain the damage from an unprecedented fall of the currency.
A prominent opposition figure says Iran needs a “fundamental change” based on “Woman, Life, Freedom” and constitutional change, in a statement released on Saturday.
The United Sates is “robustly engaged” with enforcing sanctions on Iran and regularly engages with China to discourage violations, the State Department said Tuesday.
The Islamic Republic of Iran upped the ante in its threats to Europe over the proposed listing of IRGC as a terrorist organization, being considered by the EU.
At the start of the work week in Iran on Saturday, the national currency reached new lows against the US dollar, as economic and political uncertainty continued.
Iran’s new budget will raise taxes by 59 percent in the new Iranian year starting March, a staggering burden on its people amid high inflation and growing poverty.
Iran’s ruler Ali Khamenei in a speech Monday once again blamed anitgovernment protests on foreign conspiracies, saying the goal was to weaken the Islamic Republic.
Iran’s battered currency regained 10 percent of its value Saturday after a new central bank chief assumed office following a drop to historic lows in December.
Government has cut off gas to 840 government and public entities, Iran’s Tasnim news reported Saturday, as consumption outpaces production.
While many oil industry sources believe Iran exports around one million barrels of crude per day, others believe the volume is much less and the income modest.
As Iran’s economic situation worsens, Tehran media report that in the past seven months more than 1,000 trillion rials were printed and added to the money supply.
Iranians woke up Tuesday to see their currency at another historic low against the US dollar, which can herald the coming of truly uncontrolled inflation soon.
Iran’s foreign ministry reiterated Monday that ongoing protests in the country are an internal issue and others should not use the situation for political ends.
Iran faces a serious shortage in medicines with some prices rising sevenfold, months after the government eliminated cheap dollars for importing raw materials.
As antigovernment protests continue in Iran, the government will face a multitude of additional economic problems and energy crisis in the coming months.
Iran's battered currency, the rial, was in a freefall on Saturday, hitting a historic low of more than 360,000 against the US dollar amid continuing protests.
Amid six-weeks of political upheaval in Iran, officials and media speak little about the economy, but the government struggles with an epic revenue shortfall
The 100-thousand-strong rally of Iranians in Berlin on Saturday and similar protests in other major cities show the mobilization and unity of diaspora communities.
The US State Department said Wednesday that the Iran nuclear deal is “not our focus right now” amid popular protests, but it has done little to help Iranians.
Iranian officials have been trying to question whether Mahsa Amini was killed in police custody and this attempt has reached Hezbollah leader Hassan Nasrallah.
Iran’s government and media remained largely silent on Tuesday over US President Joe Biden’s condemnation of the violent crackdown against protesters in Iran.
After reports that nuclear talks with Iran have ended, Washington tightened the screws by sanctioning several foreign companies involved in oil trade with Tehran.
Iran’s Judiciary has issued a directive to courts to act “decisively” and issue harsh sentences to many of those arrested during the ongoing anti-regime protests.
The Biden Administration is under increasing pressure to reconcile its policy of nuclear talks with Iran and taking a clear position in support of ongoing protests.
Protests in Iran continued with ferocity on Wednesday, as unrest spread to more cities and locations within cities, complicating the task of security forces.
Iran’s Supreme Leader Ali Khamenei in a speech to military commanders Wednesday did not mention ongoing protests that can pose a serious challenge to his rule.
Iran’s government is supposed to double tax collection this year to compensate for lack of oil revenues, putting pressure on businesses that prefer to emigrate.
A $170 million apparent embezzlement case has left one of Iran’s natural gas producers in serious trouble and might reduce production at the onset of winter.
As Iran claims it can help Europe with its energy crisis, a new report shows Iranian industry lost $7 billion last year due to shortages of gas and electricity.
“Iran’s play in America’s backyard” is the headline by the official government news website IRNA heralding new hopes of expanding influence in Latin America.
Fars news agency in Tehran has again brought up the issue of an energy crunch, arguing that Europe needs a nuclear deal with Iran not to "freeze this winter."
As optimism about a nuclear deal with the West takes hold in Iran, its battered currency has risen by around 15 percent in August, which can help with inflation.
An unnamed US official has told CNN that Iran has dropped one of its key demands in the nuclear talks, while leaks from Tehran portray extensive US concessions.
Iran’s currency has surprisingly risen by 7 percent in recent days despite no improvement in the economy and no clarity over the prospects of a nuclear deal.
Washington will enforce all sanctions on Russia and Iran, the State Department said Thursday referring to the potential transfer of Iranian drones to Moscow.
While Iran rejected US accusations of a plot to kill former National Security Adviser John Bolton, the threat to US citizens can have an impact on nuclear talks.
Iran’s IRGC-affiliated Fars news website has lashed out at Tehran chamber of commerce for “under-reporting” oil exports to China that hardliners take credit for.
Iran once again Friday highlighted the importance of the country’s oil for global markets, as diplomats were meeting in Vienna to revive the 2015 nuclear deal.
Iran can double its trade with China if US sanctions are lifted, but it would need 8 years to regain the economic status of 2010, a Tehran business leader says.
Annual food inflation has reached 100 percent in parts of Iran, according to the latest figures published by the Statistical Center of Iran (SCI) in late July.
Iran’s former president Mahmoud Ahmadinejad has expressed strong support for Ukraine, calling Russia’s Vladimir Putin a tyrannical narcissist pursuing glory.
Iran said Tuesday its income from oil exports is up 580% in the first four months of the Iranian year (March 21-July 21) compared with the same period a year ago.
Repeatedly setting deadlines by Western powers for Iran to reach a nuclear agreement has become “an empty threat”, IRGC-linked Tasnim news agency said Saturday.
China is a strong power and Russia has ended its decline, weakening “American hegemony”, the chief of staff of Iranian armed forces told officers on Thursday.
Iran could have ended US sanctions before even negotiations began in April 2021, if parliament had not intervened, former president Hassan Rouhani said Friday.
Russia is taking market share from Iran’s bitumen (asphalt) exports, Tehran media reported Saturday, as a trade competition has flared between the two allies.
Police arrested activists when hundreds protested in northwestern Iran Saturday to government neglect of the country's largest lake that has shrunk by 95 percent.
US President Joe Biden’s threat to resort to use force against Iran is the result of his “sleepiness”, the spokesman of Iran’s armed forces said on Friday.
The Iranian government faced a serious problem in collecting revenues in the first 2 months of the calendar year, with oil income far from the expected amount.
Iran will earn $36 billion from oil exports in 2022 with shipments mostly to China, Fars news website affiliated with the Revolutionary Guard reported Sunday.
A hardliner politician in Iran has said “We are in a cyberwar against the Zionist enemy,” and everyone should take this into account, ILNA reported on Sunday.
Enemies of Iran's regime have always miscalculated its stamina to survive, Supreme Leader Ali Khamenei said on the anniversary of a massive bombing in Tehran.
Inflation soared in Iran in May-June as the government lifted import subsidies for essential goods, with food prices jumping by more than 82 percent.
Iran, Russia and Venezuela have a large potential to thwart sanctions on their energy sectors if they cooperate, Iran’s government news agency said Wednesday.
After months of reports about an inevitable cabinet reshuffle in Iran, finally the minister of labor resigned Tuesday amid worsening economic and social crises.
Iran’s oil shipments in May dropped by 50 percent, in a sign that Moscow is selling more oil to China and taking Tehran’s market share, a report on Monday said.
Iran’s government has tried to dispel reports about declining oil exports with its media claiming that sales have topped one million barrels a day in April-May.
Iranians will most likely experience their next shock when the government reduces fuel subsidies and prices rise dramatically, pushing inflation even higher.
Iran’s oil minister claimed Thursday that both crude and natural gas production capacity has increased, amid anticipated energy price problems for the world.
Iran’s rial hit a low point against major currencies Monday, as nuclear talks with the United States remain in limbo, prices rise and popular protests continue.
Fars news website in Iran affiliated with the IRGC has published an article profiling several Israeli businesspeople, using thinly veiled threatening language.
The Biden policy of not enforcing Iran oil sanctions has led to a misperception in Tehran that there is no need for a nuclear agreement, a website in Iran says.
Despite potential oil market competition, Iranian firms are planning to revamp Venezuela’s largest oil refinery, Reuters said Monday in an exclusive report.
Iranian steel industry officials say that several countries have shifted their orders to Russia, as Moscow offers lower prices, endangering Iran’s revenues.
As Iran’s economic woes continue, the manager of its sovereign wealth fund has criticized successive governments for bad planning and treating the fund as an ATM.
A member of Iran’s nuclear negotiating team says removing the terrorist designation of its Revolutionary Guard is not enough and Tehran wants other guarantees.
Iran’s Supreme Leader Ali Khamenei addressed workers Monday as rising prices have led to protests, deep apprehension and political uncertainty in the country.
Iranian officials and media have intensified their threatening tone against Israel in recent weeks, especially media controlled by the Revolutionary Guard, IRGC.
Ramifications of a scandal surrounding Iran’s parliament speaker continue, with accusations that his family bought two apartments in Turkey in a recent trip.
Iran’s liquidity grew by 40 percent from early 2021 to 2022, according to its central bank, as the country continued to print money amid a revenue crunch.
Opponents of a deal with Iran welcomed signals that President Joe Biden is opposed to delisting the Revolutionary Guard as a terror group, but questions linger.
Iran increased oil revenues 40 percent in past 12 months and injected 10 percent above the budget forecast into government coffers, the oil minister has said.
The chairman of Central Bank of Iran (CBI) announced Monday that in the past one year it provided 57 percent more foreign currency to people and businesses.
President Ebrahim Raisi and his oil minister this week repeated claims that Iran has increased oil output and exports amid continuing United States sanctions.
Another member of President Joe Biden’s Iran negotiating team has resigned amid growing criticism at home and abroad of an impending nuclear deal with Tehran.
Iran’s government has developed a wish list to boost its fossil fuel production and power generation, after years of relative neglect and lack of investments.
As the fate of Iran’s nuclear talks and its economy remain uncertain, a 95-year-old ayatollah has warned that the government’s ability to prevent hunger is limited.
Government-run media in Iran have been jubilant this week seeing oil prices rising and diplomats saying a nuclear deal that could lift US sanctions more likely now.
It is hard to predict the impact of Western sanctions on Russia, but there is the example of Iran and its myriad of economic problems triggered by sanctions.
A prominent Iranian politician has expressed cautious optimism that the Russian invasion of Ukraine might speed up a nuclear deal between Tehran and Washington.
Oil market watchers await a nuclear deal with Iran that can lift United States' sanctions and boost crude exports offsetting a decline in global supplies.
Iran’s Supreme Leader has ordered the parliament and the government not to overburden banks by unreasonable demands, since it would lead to printing more money.
Iran has ranked 170 among 177 countries in economic freedom in the latest annual report by the American think thank the Heritage Foundation.
Iran’s government has announced 48 industrial and infrastructure projects worth $19 billion to help reduce the impact of sanctions and jump-start the economy.
Iran’s oil export income grew by 494 percent in the first 5 months of the Raisi administration, Fars news agency affiliated with the Revolutionary Guard reported Tuesday.
‘Maximum pressure’ sanctions by the United States have clearly failed, Iran’s Supreme Leader Ali Khamenei declared Sunday, quoting the US State Department.
Small investors are exiting Tehran’s stock exchange after 18 months of losses, with the hope of making alternative investments and recoup some of their capital.
Two former Iranian presidents had a meeting with a former parliament speaker and the grandson of Ayatollah Ruhollah Khomeini sparking speculations in Tehran.
Oil minister Javad Owji has reaffirmed President Ebrahim Raisi's claim that Iran is exporting 40 percent more oil since August and is able to receive the money.
The CEO of Iran’s national oil company has said that oil exports have been increasing in recent months and Tehran has been able to repatriate the cash, despite sanctions.
As criticism over Iran’s proposed budget echoes in local media, a former lawmaker says the top leadership has decided to reach an agreement with the West.
Iran has been able to boost oil exports to the extent that it has helped the economy grow by 3.3 percent this year, the government's news website said Friday.
Iran will stop offering cheap dollars to importers next year that was meant to keep prices of essential goods low amid the inflationary impact of US sanctions.
Iran’s defense ministry is creating an “economic headquarters” to coordinate and marshal its capabilities for more effective business and commercial operations.
Prices for essential food items jumped more than 60 percent in Iran in October compared with the same period last year, showing a relentless pace in inflation.
Iran’s Planning and Budget Organization reportedly predicts an eight percent economic growth next year, even if United States’ sanctions remain in place.
Iran is planning its next budget on the assumption that US economic sanctions will continue, but is forecasting more than one million barrels p/d oil exports.
The United States and the Gulf Cooperation Council (GCC) have condemned Iran’s ballistic missiles program days before nuclear talks with Iran resume in Vienna.
The IMF in a recent report showed that Iran’s foreign currency reserves increased from a low of $12.4 billion in 2020 to a projected $31.4 billion for 2021.
Iran’s government is pledging not to dip into the pockets of the central bank or print more money to balance its budget, but skeptics doubt there are any magic solutions to lack of income.
Iran needs $160 billion of investments in its oil and natural gas industries in the coming years, to avoid becoming a net importer, the oil minister has said.
Another big decline in Iran’s stock market on Sunday has highlighted the precarious state of the economy amid uncertainty over the future of nuclear talks.
In a rare admission the speaker of Iran’s parliament said Monday, “We could not accomplish anything” with 80 percent of the economy dominated by the government.
Iran’s oil refining capacity has declined by 11 percent in 8 years and its share of global refining is just 2 percent, despite its large reserves of crude oil.
President Ebrahim Raisi should tell the truth to the people instead of giving "formal" television interviews, a well-known conservative newspaper has said.
By the end of the current Iranian fiscal year, the government needs an additional $12 billion to balance its budget, with revenues falling short of projections.
Iran is ready to swap oil with investments in the energy sector, oil minister Javad Owji told parliament on Sunday, as US sanctions prevent large-scale exports.
State-controlled media in Iran continue to defend a ban on South Korean home appliances, saying that the move was a “diplomatic message” to South Korea.
In the Economic Freedom of the World report by Canada’s Fraser Institute Iran has ranked among the ten worst countries, scoring 160 among 165 in the world.
