Iran’s currency strengthened modestly on Tuesday, recovering from historic lows as anticipation grew over high-level indirect talks with the United States scheduled to take place this weekend in Oman.
Iran's newly published budget law reveals the Islamic Revolutionary Guard Corps’ (IRGC) major share of oil revenues and public funds—and opens the door for the IRGC and Supreme Leader–linked institutions to take control of state assets.
Small Chinese non-state refineries—known as “teapots”—appear to be holding off on new orders of Iranian crude following Washington’s recent sanctions on Shouguang Luqing Petrochemicals, a refinery based in Shandong.
Tehran will implement 12-hour water supply cuts for people with excessively high consumption who disregard government warnings and text message alerts to reduce water use amid a national crisis.
Food prices in Iran surged more than 70% in the past Iranian calendar year ending March 20, a member of the country’s Food Committee at the Chamber of Guilds said, driven by soaring costs for packaging and transport.
US President Donald Trump has threatened to bomb Iran and impose secondary tariffs if Tehran refuses to reach an agreement with Washington on abandoning its nuclear ambitions and making other concessions.
A recent report from Iran’s Ministry of Industries, Mines, and Commerce has reignited misleading social media claims that Iran ranks among the top countries in lithium resources.
Protests over water shortages in central Iran escalated over the weekend after demonstrators set fire to a key water transfer station in Isfahan province, disrupting the supply line that channels water to hundreds of thousands of Iranians in the province of Yazd.
Recent tremors outside Tehran this month have underscored the threat of a catastrophic earthquake to the capital built on fault lines, adding to the dread of inhabitants also grappling with water shortages, power cuts, and pollution.
Iran’s oil minister, Mohsen Paknejad, has denied that new sanctions and enforcement efforts by the Trump administration against Iran’s energy exports have had a significant impact.
Ordinary Iranians are bearing unprecedented economic pain as their Islamic government's row with its hated enemies Israel and the United States ramps up and Tehran prioritizes military spending to shore up defense and its regional clout.
A senior adviser to Iran’s Supreme Leader urges the government to cede more economic control to the people, arguing that this is necessary to address sanctions, soaring inflation, and a rapidly depreciating currency.
International sanctions are costing each Iranian citizen an estimated 530 million rials or about $500 annually in the non-oil trade sector alone, a former central bank governor has said.
The US Justice Department has filed a civil forfeiture complaint seeking to seize $47 million in proceeds from the sale of nearly one million barrels of Iranian oil, alleging the funds benefited the IRGC and its Qods Force, both designated as terrorist organizations.
Workplace fatalities claimed the lives of over a thousand Iranian workers between March and September, a notable year-on-year increase that labor activists attribute to authorities' lack of attention to worker safety.
Iran’s currency hit a record low of 1,039,000 rials to the US dollar on Tuesday, as the absence of nuclear talks with the US continues to fuel economic uncertainty.
Iran Air, the country's flag carrier, has reported significant losses and a severe impact on drug imports following the European Union and UK's flight ban, with the airline's CEO calling for international legal action to restore services.
In his Nowruz speech, Supreme Leader Ali Khamenei denied involvement in economic decision-making, claiming it falls under the responsibility of the president. In reality, however, his influence over the economy is both profound and far-reaching.
Iran began its new fiscal year on March 21 amid deepening economic and energy crises, with even officials of the Islamic Republic acknowledging that conditions are likely to worsen in the year ahead.
Iraqi naval forces seized an unidentified vessel in the Persian Gulf suspected of fuel smuggling, detaining the Iranian captain and ten Indian and Iraqi crew, the navy said Tuesday.
The Iranian year 1403 ending on March 20 marked one of the most challenging yet for the country’s ruling elite, which has been beset by economic malaise at home and historic setbacks abroad.
US president Donald Trump has sent Iran’s leader a letter, we’re told, and that it’s significant. It probably is, but nobody I know seems to think so.