Iran’s parliament speaker escalated pressure on President Masoud Pezeshkian’s government this week, a move that reformist website Rouydad24 said marked the end of an early political “honeymoon” and a bid to distance the legislature from a government facing an economic crisis.
An Iranian labor representative said soaring prices have eroded wages to the point where one gram of gold now equals a full month’s minimum pay for a worker.
Iran’s parliament speaker warned on Sunday that lawmakers could move to impeach President Masoud Pezeshkian’s cabinet if the government fails to rein in soaring prices, stepping up pressure on an administration grappling with a deepening economic crisis.
A leading economic newspaper in Tehran warned that poverty and inequality in Iran are deepening under intensified international sanctions, saying nearly one-third of the country’s wealth is now concentrated in the hands of just one percent of the population.
Recent rains delivered Iran from a dangerous dry spell straight into to destructive floods because the land has been denuded by years of poor management, environmental expert Roozbeh Eskandari told Eye for Iran.
Air pollution returned to Iran’s capital and several other cities, pushing air quality back into unhealthy levels for vulnerable groups and prompting renewed health warnings, according to official data released on Friday.
As Azerbaijan and other Caspian Sea states deepen partnerships with Western energy companies to extract more oil and gas from aging offshore fields, Iran stands apart as the only Caspian littoral country that produces no hydrocarbons from the sea at all.
Iranian authorities have stepped up pressure on civil society, media and political activists in several cities in an apparent effort to deter any protests over higher fuel prices, according to people familiar with the matter.
Iran has built a covert network to keep its aviation sector operating despite sweeping international sanctions, using front companies, smuggling routes and deceptive flight practices, according to a joint report by the Institute for National Security Studies and ColEven.
Most authoritative energy forecasts, including Iran’s own official estimates, agree that global oil demand will peak in the next decade and then enter irreversible decline, a frightening outlook for Tehran.
A former Iranian lawmaker, citing the fate of Iran’s claims after the fall of Syria’s Bashar al-Assad, urged Tehran to move quickly to recover what he said were more than $2 billion of assets in Venezuela, as Washington escalated pressure on Caracas.
US treasury fined crypto wallet firm Exodus Movement $3.1 million for violating Iran-related sanctions, saying it provided customer support to users in Iran and, in some cases, advised them to use VPNs to bypass restrictions on access to digital asset exchanges.
A chronic shortage of nurses and auxiliary staff in Iran’s hospitals has quietly given rise to a new and largely unregulated job: the “patient companion.”
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’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.
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.
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’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.
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’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.
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.
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.