Iran may be able to repair much of its war-damaged energy infrastructure without new Western technology. Whether it can rebuild a modern, reliable energy industry is another question.
The US Treasury says a pressure campaign launched against Iran two months ago has sharply reduced its oil revenue and access to international trade and financial channels, deepening the country’s economic isolation.
Iran has used a secret network of more than 5,000 military agencies to import at least $2 billion worth of equipment, explosives and heavy-duty trucks since January 2025, bypassing Western sanctions and the US naval blockade, a Reuters investigation published on Thursday found.
Documents reviewed and information obtained by Iran International indicate that the IRGC Intelligence Organization orchestrated a quasi-coup to revive its corruption network and take control of Iran's sanctioned oil trade.
Iran could lose up to 1.4 million jobs this year if its economy contracts by seven to eight percent, a senior Labor Ministry official said on Tuesday, estimating that around 2.5 million people are already unemployed.
US Treasury Secretary Scott Bessent's advice to stop paying taxes and stockpile fuel drew mixed reactions on Iran International's Instagram page, with commenters debating its practicality and the role of public resistance against the Islamic Republic.
US Treasury Secretary Scott Bessent, in an interview with Iran International, warned Iranians to stock up on gasoline and heating fuel ahead of expected shortages, predicting the economy would shrink by more than a quarter in the year ending March 2027.
Iran still has the knowhow, middlemen and shadow-fleet infrastructure it spent years developing to sell sanctioned oil to China. But it has now run out of oil outside Iran to put through that system.
China's imports of oil recorded as Malaysian have plunged alongside the collapse of Iranian exports under the US naval blockade, suggesting how heavily Iran relied on relabeling its crude for its biggest customer.
Iran’s options for financing trade are narrowing under a US maritime blockade that is squeezing oil revenue, while efforts to freeze Iranian cryptocurrency funds are putting alternative channels for moving money under pressure.
Border closures and transit disruptions involving Pakistan, Iraq and Turkey are raising fears that Iran’s remaining trade routes could be further restricted, deepening the impact of US maritime and air restrictions.
Iran's LPG exports have collapsed since the US naval blockade began in mid-July, leaving Tehran to find domestic uses for millions of tons of propane and butane that would normally be sold abroad.
Germany’s financial regulator BaFin said on Thursday that Bank Saderat Iran’s Hamburg branch had lost its banking license and must be wound up. The branch, which operated in Hamburg and Frankfurt, is no longer allowed to conduct banking business.
The United States on Wednesday sanctioned a law firm, shipping operators and maritime logistics companies accused of helping Iran evade restrictions on its oil and other exports.
Canada's Immigration and Refugee Board has ordered the deportation of an Iranian man living in Toronto over his role in a criminal network that helped Iran evade international sanctions, Global News reported Wednesday, citing a 36-page ruling.
Trade between Iran and Pakistan remained suspended at two major border crossings on Tuesday, leaving trucks and cargo stranded, with Pakistani authorities citing security and anti-smuggling measures and Iran pointing to technical difficulties.
Between 30 and 40 of Iran’s operational aircraft were destroyed during the war, while another 70 to 80 were hit, Iran Air chief executive Taher Abdolhai said on Monday.
Mehrdad Akhlaghi Ketabchi, a sanctioned veteran of Iran's missile industry with ties to the Revolutionary Guards, became defense minister on Sunday, following his predecessor's killing in the war with the United States and Israel.
Iran managed to export jet fuel to Myanmar and send several shipments of liquefied petroleum gas out of the region despite a US naval blockade that has largely halted its crude exports, Reuters reported on Friday.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf says part of the government’s anti-terror financing regulations violates Iranian law, adding that decisions on who is designated as terrorist must remain with the Supreme National Security Council.
The US Treasury’s latest warning over Iran’s alleged abuse of religious charities puts renewed attention on religious and charitable organizations outside Iran that have separately faced criminal, regulatory or government scrutiny over financial or institutional links to Tehran.
Iran on Tuesday summoned Britain’s ambassador and threatened to reconsider diplomatic relations after London blamed the IRGC for a suspected plot targeting a US-used airbase and Britain’s intelligence chief warned of growing Iranian threats to military sites.