Economy & Environment

Iran’s currency fell to another record low against the dollar on Sunday, extending its decline during a US campaign aimed at restricting the Islamic Republic’s oil exports and financial flows.

Iranians are selling livestock, cars and furniture to pay for treatment their insurance no longer covers, and a member of parliament's health committee says the system has reached the point where falling ill can end in death rather than care.

Iran's rial fell to new record lows on Saturday, with the euro crossing 3 million rials for the first time and the US dollar hovering around 2.7 million rials on the open market.

Iran’s worsening economic crisis has opened an increasingly bitter argument over who is responsible, as the government points to outside pressure and market psychology while hardliners accuse Tehran’s own economic officials of making the situation worse.

Iran’s Education Ministry dismissed reports of teacher resignations over working conditions and security pressure as a “rumor,” despite numerous videos of teachers announcing departures and a teachers’ council warning of a growing exodus.

Iran’s stock market is breaking records even as the dollar and gold hit new highs, an apparent contradiction that may point to the same dynamic: households and investors scrambling to protect their wealth as the rial weakens and the economic toll of the Iran-US war grows.

Business at one of central Iran’s main heavy-vehicle service hubs has fallen by about 30% from a year earlier, offering a ground-level view of an economy where soaring food prices, a battered currency and weaker freight activity are squeezing workers and small businesses.

With war disrupting Iran’s southern trade routes, Tehran is looking north to the Caspian for alternatives. But the available evidence suggests they cannot replace its crucial oil exports.

A leaked Russian government roadmap obtained by Fox News put the share of Russia-Iran trade settled in national currencies at 68%, far below Moscow’s public claims that nearly all bilateral trade had shifted to rubles and rials.

The US Treasury sanctioned Iran’s automotive and rail sectors Thursday, expanding its campaign to some of the country’s largest industrial companies as Washington seeks to choke off Tehran’s sources of revenue with Operation Economic Outcast.

New tanker-tracking data shows that Iran’s new oil exports have effectively ground to a halt, while crude exports from Arab countries in the region surpassed pre-war levels in the final week of September.

Four small bridges, struck in one night in April, cut Tehran off from Iran's entire railway. All were fixed within days. The bridges that would take years to rebuild are still standing, on lines that carry Iran's missiles, its troops and its trade.

Iran’s deepening isolation is drawing divided reactions from Persian-language social media users, with some welcoming US pressure to weaken the country’s rulers and others warning that ordinary people will bear the cost without producing political change.

Iran International has obtained exclusive information and documents indicating that Mostafa Ahadi, a senior official in the IRGC Intelligence Organization, runs the organization’s corruption network in the sale of Iran’s oil.

Iran’s rial fell to another record low on Monday, with the dollar reaching 2.45 million rials as economic and military pressures persisted and efforts took shape for possible new indirect talks with the United States.

Iran on Saturday expanded limited imports of South Korean home appliances through its border trade system, five years after Ali Khamenei ordered restrictions on products from LG and Samsung.

The problem facing Iran’s oil industry is not just sanctions or a shortage of investment. It is a question of governance: who makes decisions, who signs contracts, who receives the money and, ultimately, who is accountable?

Iran threatened to disrupt regional air travel if its airlines lose access to flights and airport services, as Iraq's Najaf, Erbil and Sulaimaniya joined other destinations restricting Iranian connections under mounting US sanctions pressure.