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Economy & Environment

YouTube algorithm update hits revenue of Iranian creators

YouTube algorithm update hits revenue of Iranian creators

New Google algorithms for YouTube are more accurately detecting virtual private networks which mask user locations and are reclassifying most traffic as originating from Iran where ad rates are minimal.

Iran blocks accounts of over 250 people for $1.6 billion in money laundering

Iran blocks accounts of over 250 people for $1.6 billion in money laundering

Iran’s central bank said on Tuesday it had blocked bank the accounts of over 250 people suspected of money laundering a sum amounting to $1.6 billion, as the country attempts to consolidate its financial system amid harsh sanctions.

Iran health officials flag price rises as shortages loom over currency crunch

Iranian health officials warned that foreign currency bottlenecks and unpaid state debts are straining the drug supply chain, with the Food and Drug Administration chief signaling possible price rises for medicines and medical equipment to keep producers operating.

Cure for Iran currency slide could be worse than the disease

Iran faces a stark choice to address a cost of living crisis: preserve subsidized exchange rates that have failed to protect purchasing power and fueled corruption or remove it and risk triggering another wave of uncontrolled inflation.

Iran rial hits new record low of 1.31 million to the dollar

Iran rial hits new record low of 1.31 million to the dollar

Iran’s currency hit a fresh low on Monday of 1.312 million rials to the US dollar on the open market according to currency-tracking websites, reflecting deep economic woes in the country.

Fuel price hike squeezes household budgets amid plunging rial, Iranians say

Fuel price hike squeezes household budgets amid plunging rial, Iranians say

Iran’s latest gasoline price hike is weighing on daily life well beyond fuel costs, pushing up food prices, transport fares and medical expenses and adding strain to already stretched household budgets, citizens said in messages to Iran International.

Iran drug stocks under two months, 800 medicines at risk as FX delays bite

Iran drug stocks under two months, 800 medicines at risk as FX delays bite

Iran’s medicine and infant-formula stocks average less than two months, with as many as 800 drug lines at risk of shortage within three months, industry representatives said, citing four-to-five-month delays in foreign-exchange allocation.

Severe air pollution grips Tehran and Khuzestan despite rainfall

Severe air pollution grips Tehran and Khuzestan despite rainfall

Air quality deteriorated sharply in parts of Iran despite recent rainfall, pushing pollution levels in three cities in Khuzestan province and southeastern Tehran province into the red and prompting health warnings for all residents.

Iran currency slide sets fresh records as dollar passes 1.28m rials

Iran currency slide sets fresh records as dollar passes 1.28m rials

Foreign exchange prices in Iran surged to new records, sending the rial to fresh lows and pushing gold higher as demand for hard assets intensified on Saturday.

Iran medical suppliers warn of worsening drug shortages

Iran medical suppliers warn of worsening drug shortages

Iran is facing growing shortages of vital medicines and could see a sharp deterioration in supplies within months if current conditions persist, an industry official said on Saturday.

Iran warns capital water transfer offers only short-term relief

Iran warns capital water transfer offers only short-term relief

Efforts to ease Tehran’s water shortage through transfers from a nearby dam will only partially address the crisis and could fail entirely if dry conditions persist, a senior water researcher said, warning that years of overuse and policy missteps have depleted reserves.

Iran officially rolls out higher gas price under new three-tier system

Iran officially rolls out higher gas price under new three-tier system

Iran on Saturday started implementing a higher gasoline price under a new three-tier system, raising costs for non-card refueling or quota overuse in a cautious move to rein in subsidies while avoiding unrest.

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 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

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.