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Economy & Environment

Two-week banking disruption leaves Iranians struggling to access money

Two-week banking disruption leaves Iranians struggling to access money

A banking disruption lasting more than two weeks has left many Iranians unable to access their accounts, make purchases or transfer money, adding to financial pressures after the recent war and ceasefire.

Nearly half of Iranians live in land subsidence zones, report warns

Nearly half of Iranians live in land subsidence zones, report warns

Land subsidence has expanded into a nationwide crisis affecting nearly half of Iran’s population, with parliamentary researchers warning the damage could become irreversible if current trends continue, Shargh newspaper reported on Monday.

Wildfire burns through southern protected forests in Iran

A wildfire continued to burn through protected Zagros forests near Behbahan for a fourth day on Monday, exposing persistent shortages of aerial firefighting equipment after similar blazes in southern Iran earlier this month.

Why falling oil prices don't mean Hormuz crisis is over

Global oil prices have fallen back to around where they stood before the Iran war. But the decline reflects not a recovery in supply but a combination of emergency measures including strategic reserve releases, alternative export routes and, above all, weakening global demand.

US policy on Iran: can money achieve what sanctions couldn't?

US policy on Iran: can money achieve what sanctions couldn't?

The new US-Iran memorandum of understanding marks a fundamental shift in Washington's approach to Tehran, replacing years of "maximum pressure" with an effort to use economic incentives to secure nuclear concessions, experts told Iran International.

Iran economists warn recovery needs reform not just relief

Iran economists warn recovery needs reform not just relief

Economists and business analysts in Iran say the country's biggest challenges may come after any agreement with the United States, arguing that structural reforms will be as crucial as sanctions relief to achieving a durable economic recovery.

Power, water outages disrupt daily life across Iran

Power, water outages disrupt daily life across Iran

Daily electricity and water outages disrupted life across Iran as summer began, with residents blaming years of underinvestment and deteriorating infrastructure despite officials citing rising demand and shrinking water supplies.

Iran’s negotiators have 60 days; its factories may not

Iran’s negotiators have 60 days; its factories may not

Iran’s negotiators have opened a renewable 60-day clock. Its factories may not have that long. The Chamber of Commerce’s own PMI survey shows warehouses emptying, orders drying up and production lines at risk of stoppage within months.

CoinEx became key channel for Iranian crypto flows – WSJ

CoinEx became key channel for Iranian crypto flows – WSJ

Iranian entities moved more than $3.84 billion in cryptocurrency through the Seychelles-based exchange CoinEx over the past six years, helping connect Iran's crypto ecosystem to global markets despite US sanctions, The Wall Street Journal reported on Wednesday.

US sanctions waiver could bring Iran's oil trade out of the shadows

US sanctions waiver could bring Iran's oil trade out of the shadows

The United States' new Iran sanctions waiver could do more than boost Iranian oil exports. It may also help shift Iranian energy trade from shadow networks back toward conventional global markets.

President's economic reality check fuels Iran's US deal debate

President's economic reality check fuels Iran's US deal debate

President Masoud Pezeshkian's unusually blunt remarks about Iran's economic crisis have intensified infighting over Supreme Leader Mojtaba Khamenei's position on the US-Iran agreement.

Don’t feed us, free us: Iranians hit back at Vance over 'hunger' remarks

Don’t feed us, free us: Iranians hit back at Vance over 'hunger' remarks

After Donald Trump said Iran has “a hunger problem” and JD Vance said unfrozen Iranian assets could help “feed the Iranian people,” Iranians pushed back, saying the country’s real crisis is repression, corruption and the fight for freedom, not hunger.

Banking disruption hits services at eight Iranian banks

Banking disruption hits services at eight Iranian banks

At least eight Iranian banks suffered widespread service disruptions on Tuesday, leaving customers unable to access many electronic and card-based services days after a separate outage affected four major banks.

Tehran bread prices jump up to 100% in latest increase

Tehran bread prices jump up to 100% in latest increase

Bread prices across Tehran province have risen by as much as 100%, pushing the cost of one of the most important staple foods sharply higher and raising fresh concerns over government plans to overhaul the country's subsidy system.

Rising gym fees push fitness beyond reach for many Iranians

Rising gym fees push fitness beyond reach for many Iranians

Soaring gym fees and shrinking household budgets are forcing many Iranians to abandon sports and fitness activities, turning what was once a routine part of daily life into an unaffordable luxury, according to messages sent to Iran International.

Relief or resistance? Tehran dailies offer diverging readings of talks

Relief or resistance? Tehran dailies offer diverging readings of talks

While much of Iran's political press focused on the diplomatic drama surrounding the latest round of US-Iran talks in Switzerland, several economic newspapers used Monday's coverage to highlight the country's deeper economic challenges and post-war uncertainties.

Will the Islamic Republic trade with the 'Great Satan'?

Will the Islamic Republic trade with the 'Great Satan'?

Nearly half a century after Iran's revolutionary government severed ties with Washington, took US diplomats hostage and turned "Death to America" into one of its defining slogans, a new US proposal could see frozen Iranian assets used to purchase American goods.

Caspian seals face extinction threat as deaths continue

Caspian seals face extinction threat as deaths continue

The repeated deaths of Caspian seals along the shores of the Caspian Sea have become a persistent environmental concern, with experts still unable to identify a definitive cause despite years of investigations, according to a report by Iran's Shargh newspaper.

Iran’s legal drug market is being hollowed out as shortages feed illicit channels

Iran’s legal drug market is being hollowed out as shortages feed illicit channels

Iran’s official medicine market is being hollowed out as policy instability, currency disruptions and shortages push more patients toward illegal sellers, counterfeit drugs and informal supply networks, industry figures and officials have warned.

Iran may get a lifeline, but major obstacles remain

Iran may get a lifeline, but major obstacles remain

The agreement between Tehran and Washington holds out the prospect of sanctions relief and potentially unprecedented foreign investment, but many of its economic promises remain uncertain and some may prove difficult to deliver even if negotiations succeed.

A US-Iran deal alone won't rescue Iran's oil economy

A US-Iran deal alone won't rescue Iran's oil economy

The memorandum of understanding signed on Thursday has prompted fresh hopes of an economic revival in Iran. But even a successful US-Iran agreement may do far less for the country's oil industry than many supporters expect.

Iran's Qatar power link exposes a deeper energy dilemma

Iran's Qatar power link exposes a deeper energy dilemma

Iran's plan to connect its electricity grid to Qatar highlights a growing paradox at the heart of the country's energy strategy: even as Tehran seeks a larger regional role through cross-border energy diplomacy, it faces one of the worst domestic power shortages in decades.