Commentator in Tehran are warning that Iran’s economy has become to dependent on news from Washington, with markets reacting sharply even to personnel changes in the US president’s inner circle.
A gas deal inked last month between Moscow and Tehran to transfer vast Russian volumes by pipeline via Azerbaijan faces the same logistical and financial obstacles that have sunk decades of energy deals between them before.
Iran will implement a long-delayed redenomination of its national currency this year, Central Bank Governor Mohammad Reza Farzin said on Monday, reviving a plan to strike four zeros from the rial and formally replace it with the toman in a bid to simplify transactions.
Iran has issued its first drilling order in the Caspian Sea in nearly 30 years, aiming to revive long-stalled exploration in the region, Oil Minister Mohsen Paknejad said on Friday.
Iran’s capital is grappling with renewed electricity outages but growing evidence suggests the burden of power cuts is falling unevenly across the city, raising concerns over social equity and institutional bias in blackout management.
Severe weather events, including strong winds and lightning, have resulted in the deaths of nine people and injuries to 86 others across Iran over the past week, the national emergency services said on Tuesday.
Iranian authorities have ordered the closure of the country's sole national Water Museum to accommodate the relocation of the Quran Museum, a move that has sparked strong criticism from museum experts and staff, according to an Iranian daily.
Iranian officials are sounding alarms over a deepening water crisis that has already affected nearly four dozen major dams, threatened electricity production, and forced Tehran into rolling blackouts.
Turkey's state-owned Halkbank has asked the US Supreme Court to review a lower court decision that allows it to be prosecuted for allegedly helping Iran evade American sanctions, a lawyer for the bank said on Monday.
Iran’s escalating water crisis is not only draining its aquifers but also laying the groundwork for potentially devastating earthquakes, a leading geology expert warns.
Iran’s currency fell sharply on Saturday after a planned fourth round of indirect talks with the United States was postponed, as sharp disagreements over uranium enrichment and inspections cast doubt on prospects for a breakthrough.
President Masoud Pezeshkian’s campaigned on transparency, but his administration is presenting inflated and misleading data about Iran’s energy sector in an apparent bid to soothe public dissatisfaction with deepening blackouts.
The administration of Iranian President Masoud Pezeshkian is preparing to disqualify wealthier citizens from the country’s long-running cash handout program to save government funds as economic headwinds mount.
Iran’s multi-billion-dollar bid to rebuild postwar Syria and cement long-term influence has collapsed following the ouster of President Bashar al-Assad, according to documents obtained by Reuters from Tehran’s ransacked embassy in Damascus.
Labor Day in Iran was marked by demonstrations by teachers and heightened security in several cities across the country with allegations of violent suppression of protesters by security forces.
Foreign exchange rates, which have a critical impact on economic life, fluctuate frequently depending on where they are traded, adding to the anxiety of businesses and ordinary Iranians enduring inflation and sanctions.
More than half of Iran's port activity remains offline following a major explosion at the Shahid Rajaee port in Bandar Abbas, according to Iranian port authority data.
Iran has finalized four agreements worth a total investment of $4 billion with Russian companies to develop seven oil fields, Oil Minister Mohsen Paknejad said.
With inflation and unemployment mounting, some Iranians and officials are stepping up calls to expel the millions of undocumented and impoverished Afghans in their midst to claw back jobs and government handouts for citizens.
I’ve grown the habit of checking the dollar exchange rate every few hours, even though I sold all that I had a few months ago—or perhaps because I sold all that I had a few months ago.
Iran hopes to revive offshore oil and gas exploration after a six-year hiatus as regional rivals Saudi Arabia and the United Arab Emirates have made significant recent discoveries and deals on their own patches.
Iran's financial markets reacted with a mix of caution and optimism in the wake of the latest round of nuclear talks with the US in Rome, a stark contrast to the dramatic response witnessed after the first round of negotiations in Muscat.