Iran has enough foreign currency to keep paying for essential imports and is ready to put as much as $2 billion into the market to stabilize the rial, Central Bank Governor Abdolnaser Hemmati said on Tuesday.
Iranian security forces on Monday used gunfire and beatings to disperse two protests by young jobseekers in southwestern Iran, as anger over unemployment and alleged discrimination in hiring spills into the streets.
Iran’s latest strikes on American forces have brought threats of further US retaliation, but Washington increasingly sees Tehran’s military escalation as a sign of economic vulnerability rather than strategic strength.
Iran’s foreign trade has contracted sharply since the conflict with the United States began, with non-oil exports and imports falling by around a quarter or more, according to customs data released after months of delay.
Iranians pushed back against a senior government official questioning cheap gasoline, contrasting fuel subsidies with low wages and soaring living costs as the US dollar traded around a historic 2.1 million rials on Monday.
Forty-four percent of respondents to an Iran International Instagram poll said they would not buy a home in Iran even if they could afford one, with comments citing economic insecurity, emigration plans and concerns about keeping their wealth in the country.
Iranian police arrested a person accused of owing the country’s banking system more than €300 million after receiving foreign currency generated by exports, state media reported on Sunday.
Economic hardship and a lack of stable jobs are driving children and teenagers in Iran’s border regions into kolbari, the hazardous practice of carrying goods across mountainous frontiers for money, Iran's labor-focused news agency ILNA reported on Sunday.
The emerging US-Venezuela oil partnership could offer a model for how Iran’s vast but underinvested energy industry might be revived under a future government able to restore ties with the West, while also reshaping oil flows in Europe.
The Treasury Department’s opener for Operation Economic Outcast, launched Monday to cut Iran’s remaining income, suggests Washington sees Dubai, Istanbul and Baghdad — not Beijing — as the critical channels for Tehran’s money.
Iran’s trade with Dubai is showing growing signs of strain under the war and Washington’s new economic campaign, but sanctioned Iranian banks, flights and some commercial routes continue to operate despite calls for a sweeping cutoff, the Financial Times reported Saturday.
Iran’s large-scale fuel losses appear to go beyond the smuggling cited by officials in Tehran, with evidence pointing to organized diversion within the country’s fuel distribution system.
The US has opened a new front in its economic campaign against Iran by threatening to cut a major third-country bank out of the dollar system over alleged involvement in Tehran’s shadow-banking network.
Dying has become one of the costs Iranians can no longer meet. Burial plots are advertised at years of wages, families are selling the graves they had reserved for themselves, and some are taking their dead to villages where burial is still free.
Persian Gulf states are accelerating billions of dollars in investment in ports, pipelines and railways to reduce their dependence on the Strait of Hormuz after months of disruption during the Iran war, Reuters reported Friday.
As Washington targets the financial and trading networks Iran has used to withstand years of sanctions, economists and analysts in Tehran are debating how much more economic hardship the country can absorb to survive a prolonged economic war.
Two years ago the editor of Iran's most hardline newspaper said management of the country's biggest online retailer would "fortunately" pass to those who serve the state. It is now chaired by a former spokesman for the supreme leader's business empire.
Iran's drawdown of strategic fuel reserves has reached a “red alert” level and could exhaust remaining stocks within weeks, fueling disagreement between President Masoud Pezeshkian and the Revolutionary Guards, informed sources told Iran International on Wednesday.
Washington has launched a global campaign to cut off Iran's remaining trade, and its central message is aimed at third countries: keep doing business with Tehran and lose access to the United States. Treasury is calling it an economic D-Day.
Iran has announced another major gas discovery, but with the world’s second-largest reserves already beneath its soil, Tehran’s problem is not finding gas but finding the money and technology to extract it.
Iranian officials have dismissed Washington’s “Economic D-Day” as another failed attempt to cripple the country, but analysts inside Iran warn that an economy weakened by war may be far less capable of absorbing the latest US pressure campaign.
Reports of gasoline shortages spread across Tehran on Monday, with filling stations closing after running out of fuel and motorists describing long searches and queues for increasingly scarce supplies.