Radiofarda – Iran’s manufacturing sector is in crisis, according to a veteran labor activist supported by the Islamic Republic’s establishment.
Read More »Economy
Iran braces for oil sanctions after currency crash, protests
Al-Arabia – Iran is bracing for the restoration of US sanctions on its vital oil industry next week, as it grapples with an economic crisis that has sparked sporadic protests over rising prices, corruption and unemployment.
Read More »EU Bid To Sidestep US Iran Sanctions Hits Quicksand
Radiofarda – The EU effort to save the Iran nuclear accord by building a mechanism to buy Tehran’s oil despite the return of US sanctions has run into difficulty.
Read More »Iranian Currency In Jitters As New Sanctions Approach
Radiofarda – The exchange rate of the U.S. dollar and other major currencies once again skyrocketed in Iran and reached the highest level in past thirty days, reports from the local free market say.
Read More »Iran Ranks First On Energy Subsidies Globally
Radiofarda – With spending $45.1 billion on fossil energy consumption subsidies in 2017, Iran ranked first globally, International Energy Agency reported Oct.29.
Read More »Dimmer Projections Of Oil Revenue Put Iran In A Bind
Radiofarda – Oil market prospects look dim for Iran as the US sanctions to be implemented in November are planned to target the government’s lifeline, namely the country’s oil export, and the international banking operations vital for repatriating oil revenues.
Read More »Zarif acknowledges impact of US sanctions on Iran’s economy
Al-Arabia – Just days before the start of a second round of US sanctions on Iran’s oil sector, Iranian Foreign Minister Mohammad Javad Zarif confessed the sanctions would affect his country economically, but would not change Tehran’s policies, warning Washington of the futility such actions.
Read More »‘Specter Of Hyperinflation Haunts Iran’ – Venezuela Style
Radiofarda – The inflation rate in Iran reached 15.9 percent in October, the Central Bank of Iran (CBI) reported one week before the second round of US sanctions that target Iran’s international banking and oil export.
Read More »Under The Radar: Iran’s Oil Exports Harder To Track As Sanctions Loom
Radiofarda – According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4.
Read More »Iran turns to tourism to earn hard currency, create jobs
Al-Monitor – As another round of broad US sanctions against Iran is set to be implemented, the Islamic Republic is redoubling its efforts to boost its underdeveloped tourism sector through new initiatives and accelerating the finalization of nascent measures.
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