Iran’s economy is reeling from an acute labor shortage following the mass deportation of undocumented Afghan migrants, with key industries such as construction and agriculture struggling to function.
Iran’s capital and several provinces will see a full-day closure of government offices due to a worsening electricity crisis, officials said Monday.
Iran may be heading into even greater financial strain as fresh data points to a worsening outlook for global oil markets, threatening the country’s most vital source of revenue.
Israel’s economy shrank 3.5 percent in the second quarter of the year as the 12-day war with Iran disrupted businesses and investment, the country’s Central Bureau of Statistics said on Sunday.
Iran has introduced a new law making inflation partly taxable, a move that critics say effectively charges citizens twice amid the country’s economic crisis.
The latest round of US sanctions imposed on Iran mark a shift in Washington’s strategy, moving beyond conventional financial limits to target the intertwined financial and digital networks that sustain Tehran’s economy and political control.
Iran’s customs data indicates that strategic reserves of animal feed have declined, raising warnings about potential impacts on the country's food security.
The average time to save for a home in Tehran is about 80 years, even as the capital witnesses a major wave of price decreases, the head of the Tehran Real Estate Consultants Union said.
Two refinery workers in southern Iran died of suspected heatstroke while on the job amid soaring summer temperatures, Iranian media reported.
Iran's ability to access fresh water is deteriorating, the government-run office of managing water supply said on Tuesday, adding that the capital Tehran faces a serious risk of land subsidence.
A rare invitation from the Financial Action Task Force (FATF) for talks on removing Iran from its global money-laundering blacklist has reignited a years-long political battle in Tehran.
While China keeps buying discounted oil from Iran and Russia, it is steering new investments and trade routes toward their competitors, official Chinese data reveals.
Tehran water authorities will cut supplies for 12 hours to households deemed heavy consumers who ignore three official warnings, a senior utility official said on Tuesday, as the capital faces its worst drought in more than a century.
A vast majority of Iranians are dissatisfied with the government's economic policies, according to a poll by Iran's leading economic newspaper Donya-ye Eqtesad, as costs of living soar and the value of the Iranian currency slips.
Iranian border guards, in coordination with the navy, have seized a tanker carrying more than 2 million liters of what authorities described as smuggled diesel fuel in the Gulf of Oman, state media reported on Monday.
Lake Urmia in northwestern Iran, once the Middle East’s largest, will completely dry up by the end of summer if current conditions persist, a senior Iranian environment official warned on Sunday.
The closure of several foreign embassies in Tehran during and after the 12-day war with Israel has left between 3,000 and 4,000 Iranian passports stuck in diplomatic missions, stranding visa applicants, Iranian officials said on Sunday.
Tanker tracking data obtained by Iran International shows sharp fluctuations in Iranian oil discharges at Chinese ports this year, alongside a steep rise in floating oil stocks.
The Financial Action Task Force has invited Islamic Republic representatives to attend talks in Spain aimed at ending a seven-year impasse over the country’s blacklisting, Iran’s economy minister said.
US President Donald Trump will host Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev at the White House on Friday to sign a US-brokered peace agreement creating a transit corridor at Iran’s doorstep, Axios reported.
Iran’s gold reserves are at their strongest level in decades and would help cushion the economy even if Western powers trigger the so-called snapback of UN sanctions, a former senior banker said on Wednesday.
Iran has resumed four-hour daily power outages in Tehran and other cities as a severe energy crisis grips the country, the semi-official Tasnim news agency reported on Wednesday, sparking public complaints over unannounced cuts and unequal distribution.