Economy

VOA — Venezuelan leader Nicolas Maduro and Iran’s hard-line president signed a 20-year cooperation agreement Saturday, a day after Maduro praised the Islamic Republic for sending badly needed fuel to his nation despite U.S. sanctions. In an interview with Maduro after his arrival in Tehran for a two-day visit, Iranian state media reported late Friday that Maduro hailed Iran’s move …

Iran-HRM – June 12 is World Day Against Child Labor. According to the United Nations Convention on the Rights of the Child, members of the United Nations General Assembly, including Iran must combat the economic abuse of children, but the number of child laborers in Iran has increased due to poverty as well as lack of action on the part …

Iranwire – Iranian pensioners and retirees marched through the streets in at least 16 cities on Monday to highlight their dire living conditions after a government decision not to increase monthly payments in line with inflation.  #تبریز– #بازنشستگان_تامین_اجتماعی نیروی سرکوب را از سر راه خود میروبند.چهار راه منصور به طرف میدان ساعت و بازار pic.twitter.com/OMlQh7HVQN— (علی یوسفی) Ali Yosofi (@nioscha1) June 6, 2022 Some of …

RFL/RE – Iran’s currency, the rial, has continued to weaken as unrest in the country grows over an economy in shambles due to the effects of U.S. sanctions over Tehran’s nuclear program. The value of one U.S. dollar rose on June 1 to as high as 31,500 rials, compared with 28,150 rials a month before, according to the foreign-exchange site …

Al-Monitor – Iran wants nuclear deal before answering IAEA questions, says Bijan Khajehpour While fresh evidence of Iran’s continued nuclear activities has set back the Biden administration’s efforts to revive the Joint Comprehensive Plan of Action (JCPOA), that doesn’t necessarily mean that Iran’s leaders have given up on the landmark nuclear agreement — and the windfall that would come from sanctions …

rferl.org – Hundreds of protesters turned out on the streets of Abadan for the past three nights calling for justice for those responsible for the collapse of the 10-story Metropol building earlier this week. Security forces fired in the air and used tear gas to disperse protesters in the southwestern city of Abadan, the capital of the southwestern Iranian province …

Al-Monitor – Iran and Oman agreed today to jointly develop an oil field in the Persian Gulf.  Iranian Oil Minister Javad Owji made the agreement with his Omani counterparts on the “integrated development” of the field. The two countries also agreed to exchange petrochemical products and related technical and engineering expertise, the official Islamic Republic News Agency reported.  The agreement came during …

Al-Arabia – Iran’s oil minister has agreed to revive a long-stalled project to lay an undersea pipeline to carry gas to Oman, the Iranian state news agency IRNA reported on Saturday. Iran sits on one of the world’s largest gas reserves, which Oman has been eyeing as it hopes to feed energy-intensive industries and liquefied natural gas (LNG) export plants. …

(HRW) – Iranian authorities have arrested several prominent activists on baseless accusations amid labor union strikes and ongoing protests against rising prices, since May 6, 2022, in dozens of small towns, Human Rights Watch said today. Those arrested include a prominent sociologist and four labor rights defenders. News outlets close to the intelligence apparatus have accused the detained activists of having contact with suspicious …

Iran-HRM – The Iranian regime has stepped up executions to intimidate the society infuriated over the skyrocketing prices of food staples. At least 18 prisoners, including a woman, have been executed in recent days in Iran. One of those executed was a minor at the time of the arrest. Nine of those executed were convicted of drug-related charges and nine …