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Economy

Iranian Rial Continues Plunge to Record Low Amid Economic Hardship

Iranwire - The Iranian Rial continued its downward spiral Thursday, with the US dollar reaching a record high of 640,500…

Tehran’s Hurdles In Extracting Lorestan’s Shale Oil

iranintl - In recent years, Iranian authorities have often announced significant discoveries of oil and gas reserves, but, in reality,…

Iran’s Rial Hits All-Time Low Against Dollar, Economic Crisis Deepens

Iranwire - The dire economic situation in Iran has reached new heights as the country's currency hit an all-time low…

Tehran Pledges 50 Million Cubic Meters Of Gas Daily For Iraq

iranintl - Iran and Iraq have signed a five-year deal that will see Iran pump up to 50 million cubic meters of…

US Imposes Sanctions on Entities Supporting Iran, Houthis, and Hezbollah

Iranwire - The United States has imposed sanctions on a money exchanger and a network of firms across six countries…

Iran’s Economic Woes Run Deeper Than Sanctions, Economist Says

iranintl - Iran's chronic mismanagement and rampant inefficiencies have led to severe economic challenges, to the extent that even lifting…

Workers Still ‘Drowning’ Despite Iran’s Minimum-Wage Hike

RFL/RE - The Iranian government’s 35.3 percent hike in the minimum wage for workers, announced at the start of the…

Iran’s Rial Dips to All-time Low Against US Dollar

Iranwire - The dire economic situation in Iran has reached new heights as the country's currency hit an all-time low…

Iranian Experts Challenge Khamenei About Economy, Foreign Policy

iranintl - After self-congratulatory Norouz messages by top leaders this week, relatively independent media in Tehran published sharp criticism by…

Iran’s Currency Hits Record Low

VOA - Iran's currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people…