Sanctions-Hit Iran Props up Economy with Bartering, Secret Deals
By Parisa Hafezi
NEW YORK, Sept 25 (Reuters) - Washington's policy of applying "maximum pressure" on Iran with wide-ranging sanctions has shredded the country's oil revenues, sent its economy into recession and devalued its national currency.
Yet Iran remains defiant...
ANALYSIS: Iranian Economy at Risk As U.S. Lifts Waivers on Oil Sanctions
By Roshanak Astaraki
On April 22, U.S. President Donald Trump ended sanctions exemptions on Iranian oil imports for China, India, Japan, South Korea, Italy, Greece, Taiwan, and Turkey. The measure will go into effect on...
Iran Inflation Could Reach 40 Percent This Year As Economy Shrinks Further – IMF
By Davide Barbuscia
DUBAI, April 29 (Reuters) - Iran's economy is expected to shrink for the second consecutive year and inflation could reach 40 percent, an International Monetary Fund senior official said, as the country copes...
U.S. Designation of IRGC As a Terrorist Entity Harms Iran’s Economy, Banker Says
8th April 2019 - U.S. President Donald Trump designated the Islamic Revolutionary Guards Corps (IRGC) as a foreign terrorist organization (FTO) on April 8. The move marks the first time that the U.S. has...
Iranians Selling Meat Rations for Profit as Iran’s Economy Falters
By Natasha Phillips
Feb 14 - Iranians are selling their monthly meat allowance for profit according to Reza Salemi, the Livestock Logistics Director for Tehran Province.
The development comes as Iran is experiencing a deepening economic crisis brought on by fiscal...
ANALYSIS: How Iran’s Economy is Faring, Forty Years After the Revolution
By Natasha Phillips
FEB 7 - As the Islamic Republic of Iran marks its 40th anniversary, the country finds itself at a crossroads. Four decades of decisions on internal policy and international affairs have led...
Iranian Economy Is Contracting, Official Statistics Show
Iran's economy contracted by 1.1 percent at the end of the summer, according to a report by the Statistical Center of Iran. The data also shows that Iran’s non-oil economic output fell 1.6 percent...
More Than 700,000 Afghans Leave Iran as Economy Slows
By Tom Miles
GENEVA, Dec 5 (Reuters) - More than 700,000 undocumented Afghans have returned from Iran this year as the Iranian economy tightens, with a knock-on effect on the Afghan economy, according to data from the U.N.'s...
Rouhani Says New U.S. Sanctions Have No Effect on Iran Economy
DUBAI, Nov 10 (Reuters) - Iranian President Hassan Rouhani said on Saturday that U.S. sanctions announced last week have had no effect on Iran's economy because Washington had already practically reimposed them earlier.
The restoration...
ANALYSIS- Iran’s Economy to Suffer but Likely Ride out US Sanctions Storm
By Parisa Hafezi and Jonathan Saul
DUBAI/LONDON, Nov 8 (Reuters) - Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and...
