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Iran faces significant challenges in its 28 joint oil and gas fields with neighboring countries, where it consistently falls behind in production compared to its neighbors.
Iran is facing its most severe heatwave in 50 years causing nationwide power outages as the government struggles with billions of dollars' worth of deficit.
Devastating fires sweeping through Iran's protected Khaeez area, which includes forests and wildlife habitats in the south of the country, are exposing significant shortcomings in the nation's crisis management system.
An Iranian lawmaker has warned that the country's ongoing power outages are severely affecting industries, contradicting the government's earlier assurances that there would be no more outages this summer.
Workers gathered in at least ten cities across Iran on Sunday to demand better working conditions and unpaid wages as presidential elections ended amid the country's economic crisis.
Former chief of Iran’s Central Bank, Abdolnaser Hemmati, told local media that one of the first tasks for the new president should be reaching an agreement with the West to lift sanctions.
Iran has found itself importing gasoline since last year due to the government's inability to expand oil refineries and exacerbated by the delivering of approximately one million new, low-efficiency domestic cars into the market.
Saudi Arabia's Public Investment Fund (PIF) reported a profit of 138.1 billion riyals ($36.81 billion) for 2023, a significant turnaround from the $15.6 billion loss it posted a year earlier.
The thorny issue of a possible fuel prices hike has taken the centerstage in the debates between supporters of the pro-reform Masoud Pezeshkian and ultra-hardliner Saeed Jalili, and among eligible voters.
Iran's gas flaring rose by 19% year-on-year to 20.4 billion cubic meters in 2023, marking the highest recorded level for the Islamic Republic since satellite-based flaring estimates began in 2012, as per a World Bank report.
Iran has retained its place on the Financial Action Task Force’s(FATF) blacklist, for not respecting international banking and related rules after a meeting in Singapore concluded Friday.
Hossein Selahvarzi, the former head of Iran's Chamber of Commerce, says sanctions have inflicted approximately $1.2 trillion in damages on the country between 2011 and 2023.
Iran's Oil Minister Javad Owji has refuted claims by some presidential candidates that the government is offering high discounts to foreign oil customers amid US sanctions.