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Monday, October 5, 2026

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Kayhan.London

Tag: Oil Sanctions

EXCLUSIVE – G7 and EU Plan Maritime Services Ban on Russian...

December 7, 2025

US Treasury Chief Meets With Global Banks on Iran Oil Sanctions

April 2, 2025

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Welcome to the Kayhan Life Week in Review Mediato

Welcome to the Kayhan Life Week in Review

Mediators unsuccessfully struggled to break the diplomatic deadlock between the Islamic Republic and the U.S., as Washington imposed new weapons sanctions and ordered the Islamic Republic’s delegation to leave New York. The IRGC urged American voters to reject Trump’s congressional allies. Still, the U.S. withdrew its forces from Iraq, raising fears of a vacuum that could strengthen militias backed by the Islamic Revolutionary Guards Corps (IRGC). In Britain, officials cited “strong indications” of Tehran’s involvement in a suspected plot near RAF Fairford.

Inside Iran, seven months of war deepened families’ struggle to afford food, housing and medicine. Repression continued: authorities executed two men convicted of killing security personnel during January’s protests, while the Basij began training boys as young as 12 in weapons, drones and intelligence.

As talks faltered in New York, Washington widened its wartime economic campaign against Tehran.

Iran makes headlines. Understanding it takes more

Iran makes headlines.
Understanding it takes more.

From international security to human rights, developments in Iran have consequences far beyond its borders. Behind the headlines are people whose lives, struggles and aspirations deserve to be heard.

Kayhan Life’s “Week in Review” brings together the key stories, connects international developments with life inside Iran, and draws a crucial distinction between the interests of the Islamic Republic and those of the Iranian people.

Stay informed, gain perspective and make room for voices too often missing from the conversation.

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DUBAI, Oct 4 (Reuters) – Iran‘s Oil Minister Mohse

DUBAI, Oct 4 (Reuters) – Iran‘s Oil Minister Mohsen Paknejad has resigned for personal reasons, and Hamid Bovard, chief executive of the government-owned National Iranian Oil Company, will be acting minister, state media said on Sunday.

Mohsen Paknejad, oil minister of the OPEC member country since August 2024, resigned as the seven-month-old war between Iran and the US has put pressure on the country’s economy.

Mehdi Tabatabaei, communications deputy in the president’s office, told state TV that Paknejad resigned for personal reasons “a long time ago” and his resignation was accepted by President Masoud Pezeshkian at Paknejad’s insistence.

“With acceptance of Mohsen Paknejad’s resignation by Dr. Pezeshkian, Hamid Bovard has been appointed as acting oil minister”, Tabatabaei saidearlieron Sunday, according to state media.

Before news of his resignation, Paknejad was quoted by state media as saying “revenues of the oil that we have sold are still coming and that will continue God willing”.

(Reporting by Elwely Elwelly; Editing by Alex Richardson and Cynthia Osterman)

By Kayhan Life Staff Oct. 4 - The rate of inflatio

By Kayhan Life Staff
Oct. 4 - The rate of inflation in Iran reached 89.8 percent in the month of September, according to a report by the Statistical Center of Iran. That represents the highest year-on-year inflation rate recorded since World War II.

Economic experts blame the budget deficit and the government’s ways of financing it as being among the main drivers of inflation in Iran. They argue that even without the recent war, inflation would have continued to climb.

Meanwhile, Abdolnaser Hemmati, Governor of the Central Bank of the Islamic Republic of Iran, said inflation had declined in September. A Central Bank report on September prices put year-on-year inflation at 83.8 percent, annual inflation at 68.4 percent, and monthly inflation at 3.9 percent.

According to the SCI report, the Consumer Price Index (CPI) for households nationwide reached 729.8 in September, up 4.2 percent from the previous month. In other words, between Aug. 23 and Sept. 23, prices nationwide increased by 4.2 percent in just four weeks.

The SCI report showed that eight categories — including food and beverages, tobacco, household goods and services, transportation, communications, recreation and culture, hotels and restaurants, and miscellaneous goods and services — recorded inflation rates above 100 percent in September. Year-on-year food inflation reached approximately 121 percent during the month.

According to the SCI, year-on-year inflation for rural households reached 108.9 percent in September. This means that rural residents, on average, paid more than twice as much for the same basket of goods and services as they did a year earlier.

The report also showed that, in terms of monthly inflation, the “miscellaneous goods and services” category recorded the highest rate, at 8.5 percent, contributing 0.4 percentage points to overall monthly inflation.

It was followed by “transportation,” with monthly inflation of 7.9 percent and a 0.66 percentage-point contribution.

The “vegetables (vegetables and legumes)” category recorded monthly inflation of 5.7 percent, contributing 0.28 percentage points to monthly inflation in September.

By Kayhan Life Staff Oct. 4 - The Iranian governme

By Kayhan Life Staff
Oct. 4 - The Iranian government has been forced to acknowledge a looming gas shortage this winter and the possibility of cuts to gas supplies in some parts of the country, including the northern provinces. Experts believe the shortage could be severe enough to force the government to close some offices and public organizations, and potentially even schools and universities.

Experts have long warned of a gas shortage this winter and possible outages in parts of the country.

Government spokesperson Fatemeh Mohajerani discussed that eventuality during a press conference on Sept. 29. She said the country would face a shortfall in meeting its gas needs in the coming weeks.

“The (U.S. military) strikes on the energy sector caused significant damage. The attacks resulted in the loss of 230 million cubic meters, of which we are working to recover 100 million,” she said.

Mohajerani added: “The government is trying to avoid a gas shortage, but we may have problems in the northern provinces. Measures have been taken, and governors have been warned.”

She did not clearly explain what the “problem in the northern provinces” would entail or what she meant by the “measures” the government has taken. However, the governor of Gilan Province in the north, Hadi Haghshenas, has referred to plans for gas rationing and the possible closure of government offices.

Oct. 4 - Iran’s oil minister Mohsen Paknejad has r

Oct. 4 - Iran’s oil minister Mohsen Paknejad has resigned after roughly two years in office, state media reports. President Pezeshkian accepted it, and NIOC chief Hamid Bovard is now acting minister. The move follows Scott Bessent’s claim that Iran will soon have no oil on the water.

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