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Economy & Environment

Winter rains bless parched Tehran but drought lingers

Winter rains bless parched Tehran but drought lingers

Winter rain fell on Tehran on Wednesday after the driest autumn in over 50 years, providing temporary relief from a severe water shortage that the country's ruling clerics have led prayers to end but looks set to persist.

Iran welfare staff, contract workers protest outside parliament

Iran welfare staff, contract workers protest outside parliament

Employees of Iran’s welfare organization and contract workers from the oil, gas and power sectors gathered outside parliament in Tehran on Wednesday to protest low wages and insecure employment, local labor groups said.

Iran ready to expand ties with Belarus 'without limits,' vice president says

Iran is ready to expand cooperation with Belarus “without any restrictions,” First Vice President Mohammad Reza Aref said on Wednesday in Tehran, following the conclusion of the 18th Iran–Belarus Joint Economic Committee.

As Iran currency hits new low, finance minister blames war's impact

Iran’s currency sank to a new all-time low on Monday with the US dollar climbing to 1.26 million rials but the country's finance minister described the slide as a normal result of a brief war with Israel in June.

Iran judiciary targets environmentalist over missile comments

Iran judiciary targets environmentalist over missile comments

Iran’s judiciary says it has filed a case against a veteran ecologist and former adviser to the Department of Environment, after he said the government could fix Iran’s high-pollution mazut fuel with the cost of developing ten missiles.

Tehran and Moscow sign deal on AI, cybersecurity

Tehran and Moscow sign deal on AI, cybersecurity

Iran and Russia have signed a new cooperation agreement on artificial intelligence and cybersecurity, Iranian state media reported, expanding their technology partnership as both countries deepen strategic ties under Western sanctions.

Iran faces imminent soil bankruptcy after years of decline, official says

Iran faces imminent soil bankruptcy after years of decline, official says

Iran’s soil is nearing bankruptcy, a senior agriculture official warned on Saturday, saying the country’s food production outlook will sharply deteriorate without urgent intervention.

Falling oil income disrupts Iran’s vital imports, MP says

Falling oil income disrupts Iran’s vital imports, MP says

An Iranian lawmaker says a sharp fall in the country’s oil revenue has disrupted imports of essential goods and created new pressure on the economy.

Water storage at Tehran dams has halved, official says

Water storage at Tehran dams has halved, official says

An Iranian water official said the volume of drinking water stored in Tehran’s five main dams has fallen to about 170 million cubic meters, roughly half the level recorded at this time last year.

US pressure after Iran-tied strikes on oilfields restarts Iraq–Turkey pipeline - Reuters

US pressure after Iran-tied strikes on oilfields restarts Iraq–Turkey pipeline - Reuters

Drone attacks on US-run oilfields in Iraqi Kurdistan – blamed by local authorities on Iran-aligned militia – prompted a US pressure campaign that helped restart the Kirkuk–Ceyhan export pipeline, a move Washington views as curbing funding for Iran-backed groups, Reuters reported.

Iranian government pins inflation on unbacked money printing

Iranian government pins inflation on unbacked money printing

Iran’s government said inflation stems from unfunded promises financed by unbacked money printing and bank credit, adding it has capped budget growth at about 2% and halted most other outlays in a bid to curb price pressures.

Iraq to correct official record, delete Hezbollah and Houthis from sanctions list

Iraq to correct official record, delete Hezbollah and Houthis from sanctions list

Iraq will remove Lebanon’s Hezbollah and Yemen’s Houthis from an asset-freeze list after the Iran-aligned groups were included in an official publication, officials said on Thursday.

Iran boosts gas exports to Turkey despite deepening domestic shortages

Iran boosts gas exports to Turkey despite deepening domestic shortages

Despite facing a growing domestic gas deficit and widespread use of highly polluting fuel oil, Iran’s gas deliveries to Turkey have continued to surge according to official Turkish energy statistics.

Tehran blood stocks dip as smog, remote work cut donations

Tehran blood stocks dip as smog, remote work cut donations

Blood reserves supplying 180 hospitals across Tehran have dropped after two weeks of heavy smog and widespread remote working reduced donor turnout, provincial officials said, warning the shortfall is beginning to affect daily supply plans.

New quotas spur Chinese buying of discounted Iranian oil - BBG

New quotas spur Chinese buying of discounted Iranian oil - BBG

China’s independent refiners are stepping up purchases of Iranian crude held in bonded storage and on tankers idling offshore after Beijing issued a fresh round of import quotas late last month, Bloomberg reported.

Rising psychotherapy fees push Iranians out of treatment – report

Rising psychotherapy fees push Iranians out of treatment – report

Soaring psychotherapy costs in Iran are forcing many patients to sell personal belongings or take on debt yet large numbers still abandon treatment due to the steep fees, the Tehran-based daily Ham-Mihan newspaper reported on Tuesday.

Cook Islands linked to tankers moving Iranian and Russian oil - AFP

Cook Islands linked to tankers moving Iranian and Russian oil - AFP

Dozens of foreign tankers suspected of transporting sanctioned crude for Iran and Russia sailed under the Cook Islands flag in 2024-2025, according to an AFP analysis of US and UK sanctions data.

US dollar hits all-time high of 1.19 million Iranian rials

US dollar hits all-time high of 1.19 million Iranian rials

Iran’s rial continued to weaken on Monday afternoon in a sign of flagging confidence in the country's troubled economy, with the US dollar trading at an all-time high above 1.19 million rials according to local exchange-rate websites.

Iran’s drug squeeze hits transplant care as key anti-rejection pill runs out

Iran’s drug squeeze hits transplant care as key anti-rejection pill runs out

Iran is facing a fresh shortage of the brand-name anti-rejection drug Myfortic with pharmacies halting distribution in several cities and clinicians warning that forced switches to substitutes could endanger a minority of kidney-transplant patients.

Iran diesel extremely high in sulfur, high-grade gasoline mixed with inferior fuel

Iran diesel extremely high in sulfur, high-grade gasoline mixed with inferior fuel

Iran’s diesel contains sulfur levels up to 15,000 parts per million (PPM), far above the global standard of 10 PPM, a senior industry representative said, warning that poor-quality fuel is contributing to severe air pollution in major cities.

Iran seizes Eswatini-flagged vessel for alleged fuel smuggling

Iran seizes Eswatini-flagged vessel for alleged fuel smuggling

Iran’s Islamic Revolutionary Guard Corps (IRGC) navy said it had seized an Eswatini-flagged vessel in the Persian Gulf carrying about 350,000 liters of smuggled gasoil, according to state-linked media.

Iran warns Isfahan’s drying river and wetland at ‘point of no return’

Iran warns Isfahan’s drying river and wetland at ‘point of no return’

Prolonged drought and the halt to permanent flows in the Zayandeh-Roud river have driven land subsidence and the Gavkhouni wetland toward an apparent point of no return, raising risks to Isfahan’s drinking-water supply, a provincial environmental official said.