Economy

Radiofarda – Iraq and Iran have begun exchanging crude oil, the Iranian oil ministry’s news agency SHANA said on Sunday, in a deal that will position Tehran to expand its interests in its most important Arab ally in the face of growing pressure from Washington.

Radiofarda – More than $59 billion in hard currency has left Iran during last two years, Islamic Parliament Research Center (IPRC) has disclosed.

Radiofarda – Iran’s oil minister has asked OPEC to support his country against what he called “illegal, unilateral and extraterritorial sanctions” referring to the United States sanctions on the OPEC member after the U.S. pulled out of a nuclear deal with Tehran.

RFL/RE – The threat of U.S. sanctions has prompted Russian oil giant Lukoil to put its plans to develop projects in Iran on hold while the Indian company that owns the world’s largest oil refining complex plans to stop buying oil from Iran, Reuters reported on May 30. Both developments showed the difficulty faced by governments like Russia, France, and …

Al-Monitor — Iran’s numerous tourist attractions, many of which stem from its rich history and civilization going back thousands of years, have the potential to transform into revenue streams far more sustainable than the country’s vast oil and natural gas reserves. But this potential has remained largely untapped due to unyielding restrictions that deprive visitors of a number of basic …

Radiofarda – Iran’s crude oil exports have declined slightly in May, according to estimates from a leading tanker-tracking company, in the first sign that the threat of U.S. sanctions may be deterring buyers.

CHRI – Police and security forces blocked an event commemorating the 50th anniversary of the anti-censorship Iranian Writers Association (IWA) by raiding the home in Tehran where it was supposed to be held on May 25, 2018.

Iran-HRM – The poverty and child renting of the Tehran’s borders are the subjects of a bitter confession made by a government-owned medium. The regime that had originally titled itself as the ‘the hope for the poor’ is the very same regime that has now brought nothing but poverty, unemployment, inflation, and inequality to its people.

Radiofarda – Iranian security forces will “resolutely confront” unrest that could be exploited by the United States and other enemies, a judiciary spokesman said on Sunday, after a wave of protests across the country mainly about economic issues.

RFL/RE – Saudi Arabia and Russia are likely to agree to raise oil production next month in a bid to ease consumer worries about higher energy prices, their energy ministers have said.