Iranians Face Triple-Digit Food Inflation, Rampant Poverty, Economists Warn
By Kayhan Life Staff
The Iranian economy is in a critical state: triple-digit food inflation, a collapsing currency and mass unemployment have pushed millions more people below the poverty line.
That's the shocking picture laid out...
Islamic Republic State Oil Company’s Bank Accounts Frozen Over Debt, Fars News Agency Reports
#IslamicRepublic, #StateOilCompany, #BankAccounts, #Debt, #FarsNewsAgency
DUBAI, Aug 5 (Reuters) - The National Iranian Oil Company's bank accounts have been frozen by a state-owned lender over mounting debt, the semi-official Fars news agency reported on Wednesday, underscoring the strain...
Iran Says $6 Billion of Iranian Assets in Qatar to Be Released, State Media...
DUBAI, June 29 (Reuters) - Iranian President Masoud Pezeshkian said on Monday that, after an agreement with the United States lifted oil and petrochemical sanctions, $6 billion out of $12 billion of assets frozen in Qatar...
Bread Prices Soar in Iran After Government Cuts Flour Subsidies
By Kayhan Life Staff
Bread prices have flared up in several Iranian cities including Tehran after the government of Iranian President Massoud Pezeshkian cut flour subsidies.
At a time of high food inflation and a growing...
Iran Says Card-Based Banking Hit by Cyberattack on Three Lenders
DUBAI, June 23 (Reuters) - Iran's state-owned banking technology provider said on Tuesday that cyberattacks disrupted card-based banking services at Bank Melli, Bank Saderat and Bank Tejarat.
This had prompted a temporary suspension of all card-related operations...
Iran Deal Allows Tehran to Immediately Sell Oil Upon Signing, Says U.S. Official
WASHINGTON, June 16 (Reuters) - The U.S. will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end the war, a senior U.S. official said on Tuesday.
The provision...
ANALYSIS: Fragile Iran Deal Offers Oil Relief, but Hormuz Risks Remain
By Ron Bousso
LONDON, June 14 (Reuters) - The U.S.-Iran deal ending months of fighting and reopening the Strait of Hormuz will prompt a collective sigh of relief from energy exporters and importers alike. But the fragile calm may not...
Bessent: Any Rollback of Economic, Financial Blockade on Iran Would Be Slow
May 29 — U.S. Treasury Secretary Scott Bessent said on Friday that any removal of the U.S. financial and economic blockade on Iran would be slow.
“We’ll see,” Bessent said. “It will be — anything...
Bessent Urges More Disruption to Iran’s Financing, Will Review US Sanctions List
By David Lawder
PARIS, May 19 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday called on allies to more forcefully disrupt Iran's financing networks and said the Treasury would scrub its sanctions list of outdated designations to...
US Imposes New Sanctions on Iranian Exchange House, Shadow Fleet Vessels
WASHINGTON, May 19 (Reuters) - The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the U.S. maintains pressure...
