Posts Tagged: Iran Economy
US Slaps New Round of Sanctions on Iran’s Financial Sector
The United States on Thursday slapped fresh sanctions on Iran's financial sector, targeting 18 Iranian banks in an effort to further shut Iran out of the global banking system...
Currency Crisis Impoverishes Iranians, Strains Economic Defenses
Desperate to afford her daughter's overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy US dollars. It...
US Imposes Sanctions on Companies Operating in Iran’s Metals Sector
The United States on Thursday blacklisted four companies in Iran's metals sector, as well as one German and three Emirati subsidiaries of Iran's largest steelmaker that Washington...
Iran’s Nuclear and Military Efforts Continue Amid Coronavirus
In July 2019, Iran began to explicitly violate the July 2015 nuclear agreement. The recent IAEA report (March 3, 2020) addressed the following breaches by...
Hit by Coronavirus, Drop in Oil Prices and US Sanctions, Iran’s Economy Heads for Free Fall
JNS.org - With the coronavirus pandemic sending oil prices to record lows, for Iran, which relies on oil exports as its top revenue source, the...
Business as Usual in Iran as Malls, Bazaars Reopen Amid Coronavirus
Shopping malls and bazaars reopened in Iran on Monday despite warnings by some health officials that a new wave of coronavirus infections could ripple through...
Iran Has Limited Scope for Coronavirus Economic Stimulus
Shut out of international capital markets and facing a further hit to its finances with the collapse in oil prices coming on top of US...
US Sanctions Idle at Least Quarter of Iranian Oil Rigs
At least a quarter of Iran's oil rigs are out of action as US sanctions strangle the Islamic Republic's vital oil industry, according to a Reuters...
US to Warn Shippers Against Storing Iranian Oil
The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian oil and avoiding US sanctions on Iran,...
Global Watchdog Places Iran on Terrorism Financing Blacklist
The global dirty money watchdog placed Iran on its blacklist on Friday after it failed to comply with international anti-terrorism financing norms, a move that will deepen...
Report: Iran Starts Internet Shutdown Ahead of Possible New Protests
Iran's authorities have restricted mobile internet access in several provinces, an Iranian news agency reported on Wednesday, a day before new protests were expected to...
Trump Says Iran Is Killing Thousands for Protesting
US President Donald Trump said on Tuesday that Iran was killing thousands of people for protesting and urged the world to take more notice. Disturbances in Iran began in mid-November...
Iran Says Hundreds of Banks Were Torched in ‘Vast’ Unrest Plot
Iran's top leader on Wednesday denounced an outbreak of deadly unrest as a "very dangerous conspiracy" as authorities reported about 731 banks and 140 government...
Iran Warns Regional States of Consequences if They Stoked Unrest
Iranian Vice President Eshaq Jahangiri on Saturday warned regional countries of consequences if it is proven that they meddled to stoke recent unrest in Iran. "Some...
