Economy

Al-Arabia – Iran is faced with a second round of truckers’ strikes this year. It has spread to 290 cities in 31 provinces across the country.

Al-Monitor – After months of a drastic and ongoing depreciation, the Iranian rial started recouping losses last week, mostly on the back of government intervention.

payvand.com – Merchants and business owners went on strike in several Iranian cities on October 8, 2018, to protest against hyperinflation and economic instability. Images and video footage posted on social media networks showed

Radiofarda – Iranian media have been under immense pressure by judiciary and security officials to keep silent about the implications of the devaluation of Iran’s currency, rial.

CHRI – Merchants and business owners went on strike in several Iranian cities on October 8, 2018, to protest against hyperinflation and economic instability.

Radiofarda – As US sanctions loom, Iran’s oil exports have sharply declined by at least 800 thousand barrels per day (b/d) according to reports, but its production level declined only by about 350 thousand b/d, which show the country is storing a huge amount of unsold oil in on/offshore facilities.

Radiofarda – Strikes that began on Monday continue in the Bazaars of several Iranian cities including Tabriz, Tehran, Isfahan, Sanandaj and Kermanshah for a second day on Tuesday, October 9.

Human Rights Activists News Agency (HRANA)- Over the course of the past few months, a 60-plus percentage drop in the value of the Iranian rial (toman) has plunged the residents of several cities into financial crisis. Across the country on Monday, October 8th, merchants fed up with recession, inflation, and steadily climbing prices shuttered up their shops and went on strike.

CHRI – Unnamed “special courts for economic crimes” in Iran have sentenced three people to death and condemned 32 others to long prison sentences for allegedly manipulating Iran’s gold and currency markets, Judiciary Spokesman Gholamhossein Mohseni Ejei announced on October 1, 2018.

Radiofarad – Iranian President Hassan Rouhani has chosen his nominees for the ministries of roads, economy industry, and labor to be announced perhaps as early as Tuesday.