Economy

Al-Monitor – Protests have erupted across numerous cities in Iran after the government enacted a series of subsidy cuts, leading to a harsh government crackdown that resulted in a reported four deaths.  Iranians on social media have complained since May about the high prices of cooking oil, bread and dairy products. The price of some foods has increased by over …

Iran-HRM – Food protests in Iran triggered last week by a sudden hike in prices of essential goods were violently repressed with security forces using lethal force A new wave of nationwide protests was triggered last week by a cut in state subsidies for imported wheat that caused price hikes of as much as 300% for a variety of flour-based …

Al-Arabia – Iran has capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s nuclear program that could pave the way for the lifting of sanctions remain elusive. Iran will “exert maximum effort” to recoup its crude oil market share and revive its customers, Mohsen Khojastehmehr, managing director of the …

VOA – Protests over soaring food prices continued in several cities in Iran on Saturday, according to postings on social media, while an Iranian lawmaker told a local media outlet that one person was killed in a demonstration in the southwest. The protests were triggered last week by a cut in state subsidies for imported wheat that caused price increases …

Iranwire – The Raisi administration on Thursday announced price increases for four staple foodstuffs in Iran: chicken, eggs, cooking oil and dairy products. The news was met with near-instantaneous reports of shortages and people crowding into stores to stock up on the affected goods. The approved price for a kilogram of chicken has increased from 30,500 tomans (about a dollar: a significant …

RFL/RE – The Iranian government’s decision to cut subsidies for imported wheat has led to a spike in the cost of flour and flour-based products, including bread, pasta, and confectioneries. The move by the government of ultraconservative President Ebrahim Raisi has sparked widespread anger. Supreme Leader Ali Khamenei has supported the measures. Other hard-liners have said that food prices should be controlled, …

Iranwire – On Saturday, May 7, the Iranian newspaper Hamshahri reported that the government plans to repeal all domestic food and fuel subsidies, apparently without a Plan B. The report predicted that after the recent repeal of flour subsidies, the next to be axed could be cooking oil, followed by gasoline. The Raisi administration knew from the get-go that it was running …

Iranwire- Last week a delegation from Iran headed by Oil Minister Javad Oji and Mohammad Javad Bavand, head of the National Oil Refining and Distribution Company, arrived in Nicaragua on a mission to strengthen Tehran’s commercial presence in the country. It formed part of a larger tour of friendly countries on the continent that saw the group sign eight memoranda …

Iran-HRM – Internet outages, arrests, and the presence of state security forces throughout the Khuzestan Province have continued after people came to the streets to protest skyrocketing prices of essential goods. On Friday and Saturday evenings, May 6 and 7, 2022, the people of Khuzestan Province, came to the streets in the cities of Ahvaz, Izeh, Baghmalek, and Susangerd, protesting …

Iranwire – Street protests broke out in cities across Khuzestan, western Iran, last Thursday over a sudden hike in the cost of basic goods. The government cut off flour subsidies and began rationing bread two weeks ago – Iran imports much of its wheat from Russia and Ukraine and is one of several countries badly affected by shortages due to …