Economy

Iranwire – According to the monthly report by the Organization of the Petroleum Exporting Countries (OPEC), Iran’s daily oil production in September 2026 decreased by 99,000 barrels, reaching 1,957,000 barrels, the lowest figure recorded in the organization’s recent reports. Iran’s average daily oil production in 2025 was approximately 3,260,000 barrels. Concurrently, data from the energy intelligence platform Vortexa indicates that …

Iranwire – A new wave of citizen and business-owner videos circulating on social media highlights severe market stagnation across Iran. Merchants and business owners from various trades depict empty shopping centers, inventory accumulating in warehouses, an inability to meet rent and payroll obligations, and forced shop closures. The central theme across these accounts points to a market in total paralysis, …

Iranwire – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) reissued a warning to foreign financial institutions on Monday, October 5, stating that continued involvement with sanctioned Iranian financial entities could expose them to sanctions “at any moment and without prior notice.” In the advisory, OFAC urged financial institutions to immediately terminate transactions and relations with …

alarabiya – Iran’s rial continued its decline on Saturday, as the central bank announced an injection of up to $2 billion to support the currency while the economy faces US sanctions and a naval blockade. The US dollar was sold around 2.688 million rials, up from 2.632 million on Friday, according to free-market tracking website bon-bast.com, while alanchand.com reported 2.695 …

Iranintl – Iran’s rial fell to new record lows on Saturday, with the euro crossing 3 million rials for the first time and the US dollar hovering around 2.7 million rials on the open market. The British pound reached about 3.52 million rials, while the UAE dirham traded above 730,000 rials, according to open-market rates at the start of Saturday’s …

Iranwire – The price of the U.S. dollar in Iran’s free market crossed the 243,000-toman mark at noon today, Monday, September 28, setting a new historical record. However, Fars News Agency, affiliated with the Islamic Revolutionary Guard Corps (IRGC), attributed the currency’s surge to remarks by the U.S. Treasury Secretary, Telegram channels, and local speculators. On Monday morning, the dollar …

RFL/RE – After getting engaged last year, Ramin, an Iranian pharmaceutical salesman, had planned to get married this year. Instead, as soaring inflation has upended everyday life in Iran, the couple’s goal now is “just to survive.” With the future uncertain amid country’s protracted war with the United States and mounting economic pressure, the two decided to put their plans …

Iranwire – Salman Eshaqi, spokesperson for the Iranian Parliament’s Health and Medical Committee, warned of the consequences of rising prices and the potential reduction in patients’ access to medication, saying that changing the currency allocation model could multiply drug costs for patients with rare and complex conditions. In an interview with ICANA (House of Nation News Agency) on Tuesday, September …

Iranwire – The Tehran Prosecutor’s Office has filed charges against Ali Zia, host of the YouTube show Ba Zia, the program’s producer, and two recent guests. Mizan News Agency, the official news outlet of Iran’s Judiciary, announced on Sunday, September 13, that the legal action was taken due to what authorities termed “false economic claims” and “unsubstantiated statements.” The Judiciary …

Iranwire – A tanker does not need to sink to be removed from the oil transport chain. Its rudder can be struck by a fighter jet’s cannon, a missile can be fired into its engine room, or it can be held empty thousands of kilometers away from Iran behind blockade lines. From February 28, the onset of the war, to …