Iran, Oman aim to boost trade
Iran and Oman have taken significant steps to boost bilateral trade, including resolving key banking issues and eliminating trade tariffs, the head of the Iran-Oman Joint Chamber of Commerce said on Sunday.
Economy & Environment
Middle class poverty could spark revolt in Iran, sociologist warns
An Iranian sociologist has warned that middle-class citizens pushed below the poverty line by persistently high inflation and forced into the lower class are the most likely to spark a revolt against the ruling system.
Iranian president heckled in poor oil-rich province
Iran's President Masoud Pezeshkian was heckled during a visit to oil-rich yet underprivileged Khuzestan Province on Thursday, as residents voiced frustration over rising unemployment and other economic concerns.
Iran faces wage dilemma amid sanctions, economic malaise
As Iran's fiscal year draws to an end in March, the government and parliament grapple with the challenge of raising wages in line with an inflation rate of 40% that has pushed millions of workers to poverty.
Breathing the air that’s no more
A vast, dark cloud blankets Tehran. We don't even need to say when: it’s almost all the time, with fewer than ten days of clean air last year.
Iran’s leadership divided over global financial conventions
The top echelons of Iran’s ruling elite appear to remain divided on endorsing international conventions to combat money laundering and terrorism financing, according to a Tehran-based outlet.
Putin's Tehran-Moscow gas transit plan stirs controversy in Iran
As Moscow and Tehran seem determined to push ahead with plans for a gas pipeline linking their countries, critics within Iran argue against the project, warning that it could undercut Iran’s own gas exports.
Iran forced to continue use of harmful fuel oil to maintain gas supplies, President says
On Monday, Iranian President Masoud Pezeshkian said the government was forced to burn mazut, a highly polluting fuel, to prevent interruptions to household gas supplies this year.
Iran's rainfall drops 45%, dam inflows down 29%
A 45% drop in rainfall since last year and a 29% decrease in water flowing into dams compared to the five-year average have pushed Iran deeper into a water crisis, adding pressure amid the current economic crisis and high inflation.
Bangladesh Central Bank issues warning on Iranian LPG imports
Following reports on surging rebranded Iranian liquefied petroleum gas (LPG) exports to Bangladesh, its Central Bank warned all domestic banks to stay alert regarding the import of products from countries that are subject to global sanctions.
Tehran-Moscow monetary deal now operational, Iran's Central Bank chief says
Iran and Russia have implemented a bilateral currency agreement to settle trade using their national currencies, according to the governor of Iran's Central Bank.
Bad loans born of cronyism imperil Iranian banking system
A report by Iran's Central Bank has inadvertently highlighted the pervasiveness of insider dealings and corruption that threaten the integrity of Iran’s entire banking system.
Has Khamenei relaxed his position on Iran's accession to FATF regulations?
When a key advisory body in Iran started revisiting the contentious issue of acceding to international monetary conventions, it not only faced opposition from hardliners but also raised questions about whether the Supreme Leader has moderated his stance.
Eggs, sperm and wombs for sale on Iran's reproductive black market
A widespread network of brokers online are working to facilitate a trade in eggs, sperm, embryos and surrogate wombs, Iranian newspaper Ham-Mihan reported in an investigation.
US sanctions may significantly disrupt Russian, Iranian oil supply, says IEA
The latest US sanctions targeting Russian and Iranian oil could significantly disrupt Russia's oil supply chains, the International Energy Agency (IEA) said in its monthly report on Wednesday.
Oil shipping rates surge after US blacklisted Russia, Iran ‘dark fleet’
The cost of shipping oil from the Middle East to China surged by over a third in the wake of new US sanctions targeting 183 tankers carrying Russian and Iranian oil on Friday, according to a Reuters report.
Chinese refiners rush to secure oil ahead of potential Iran, Russia sanctions - Bloomberg
Chinese state oil companies and major private refiners are rushing to secure crude supplies as tighter sanctions on Iran and Russia threaten to disrupt near-term oil flows, Bloomberg reported on Tuesday.
Air pollution behind over 30,000 deaths in Iran last year
Air pollution in Iran claimed the lives of over 30,000 people and cost the country an estimated $12 billion in last Iranian year, according to the Ministry of Health.
Iran's president decries public distrust as critics highlight decades of failures
Iran's President Masoud Pezeshkian has addressed the public's growing distrust in the government amid an economic crisis and energy shortages that have fueled widespread despair among the population.
China allows Iran to begin shipping oil from storage - WSJ
Iran has begun shipping oil stored in China with Beijing's approval, sources told The Wall Street Journal, about two weeks after Iran International reported Tehran's determination to sell off the supplies ahead of harsher sanctions expected under Donald Trump.
Iran’s plan to move capital south faces major challenges
Iran's presidential administration has proposed the remote and underdeveloped Makran region in southeastern Iran as a potential site for the country’s new capital, igniting widespread debate and controversy.