While Iran’s oil production remained largely unchanged, the country was able to increase its oil exports by selling millions of barrels from floating storage during the first quarter of 2024.
Nearly half of Iran's population currently resides on or near areas prone to land subsidence, according to reports from the Ministry of Roads and Urban Development.
One of the few female members of the Islamic Republic parliament has said that the April 13 missile attack on Israel will unify Iranians and help attract foreign investments.
Mehdi Toghyani, the spokesperson for the Economic Committee of the Iranian Parliament, has pointed to currency instability as a factor contributing to national insecurity.
Criticism of Iran’s Central Bank is continuing as one lawmaker takes aim at its failure to provide necessary foreign currency for raw material imports, exacerbating the country’s currency crisis.
Recent floods have devastated the southeastern province of Sistan-Baluchestan, causing massive infrastructural damage leaving hundreds of thousands of residents without critical supplies.
The Vice President of Iran's National Saffron Council revealed that an estimated 10 tons of saffron are smuggled out of Iran each month due to export complications.
A factory in Iran’s Isfahan producing polyester and acrylic yarn is on the verge of bankruptcy and complete shutdown.
The head of the Civil Aviation Organization has announced that the sale of seven-seater jets is now open to all citizens as Iran's aviation industry struggles to stay afloat while one third live below the poverty line.
A member of the Iranian Parliament has warned that Iranians' financial reserves have reached breaking point, stating that the government can no longer continue to drain resources from them.
At least 18 people have died in flash floods that have swept the southeastern Iranian province of Sistan-Baluchestan with several villages destroyed and power and water cut to around 300 more.
With the recent steep fall in the value of Iran's currency, rial, and surging inflation, fares have surged in public transport in Tehran, with taxi fares increasing as much as 45%.
Iranian Central Bank officials are denying that the government is considering introducing a large-denomination bill into its circulation.
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