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.