Economy

VOA — Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales.

Radiofarda – More than fifty members of parliament in Iran have called upon the Islamic Republic’s judiciary to set up a special branch to look into significant “violations” committed in privatization of state-owned industries.

Radiofarda – Like almost everything else in Iran in 2018, the economy was largely affected by two factors: The reimposition of U.S. sanctions and the protest demonstrations that swept across the country in over 100 cities at the beginning of the year.

VOA — Iran’s president submitted next year’s budget to parliament on Tuesday, the first since the United States restored sanctions that had been lifted under the nuclear deal.

Radiofarda – While the price of a whole chicken is $1.3 per pound in the United States, the cost in Iran has gone up to almost $1.15. But the income of an average Iranian is many times less than a middle class American.

AP – The U.S. has granted Iraq a 90-day Iran sanctions waiver to allow it to continue to import electricity from Tehran, the State Department told the Associated Press on Friday.

Radiofarda – Oil fell another 3 percent on Thursday taking prices to a one-year low, as prospect of economic slowdown in the world and abundance of supplies put pressure on the crude oil market.

Al-Monitor – Iran has witnessed a turbulent year in regards to the value of its national currency. Between March and October, the rial lost about 70% of its value on the open market, leading to inflationary impacts and economic instability. 

Radiofarda – Following nearly a year of economic crisis, ordinary Iranians and market watchers who follow trends to help businesses in their decision making have been asking some key questions about how to survive and prevent losses let alone making a profit in current conditions.

Al-Arabia – Iran’s Supreme Leader Ali Khamenei fears increased and growing popular protests in 2019.