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Economy & Environment

Iran’s central bank says gold and FX reserves are secure

Iran’s central bank says gold and FX reserves are secure

Iran’s central bank governor Mohammadreza Farzin sought to reassure business leaders on Tuesday that the country’s foreign exchange and gold reserves remain secure as UN snapback sanctions loom later this month.

Condom sales in Iran surged during Israel war, online retailer says

Condom sales in Iran surged during Israel war, online retailer says

Condom purchases in Iran jumped 26% during the country’s 12-day conflict with Israel in June, according to data from the country’s largest e-commerce platform Digikala.

Iran's energy exports to Iraq sag amid US sanctions

Iran’s natural gas exports to neighboring Iraq have fallen sharply over the past five months after US sanctions which long exempted the trade take hold.

'All engines of Iran’s growth have stopped' - Iranian business newspaper

Iran’s goal of achieving 8% economic growth, a key target of its seventh five-year development plan, faces steep hurdles, with economists warning that key drivers such as investment, productivity, and financing are faltering, the daily Samt reported on Monday.

Rising costs push poor Iranian children out of school, activist warns

Rising costs push poor Iranian children out of school, activist warns

Mounting education costs in Iran are forcing growing numbers of children from low-income families out of school and into the workforce, a labor activist warned, as families say even public schools are demanding fees despite constitutional guarantees of free education.

US dollar hits record high of 1,060,000 rials in Iran’s market

US dollar hits record high of 1,060,000 rials in Iran’s market

The value of the US dollar surged to an unprecedented 1,060,000 rials in Iran’s free market on Sunday, setting a new all-time record as fears of renewed UN sanctions deepened.

Gas-rich but power-poor: Iran risks 'terrifying' shortfall by 2040

Gas-rich but power-poor: Iran risks 'terrifying' shortfall by 2040

Iran’s gas deficit will double in the next 15 years, reaching “terrifying” heights, a senior advisor to the president has warned.

Khamenei-linked daily says Afghan expulsions failed to curb bread prices

Khamenei-linked daily says Afghan expulsions failed to curb bread prices

The Islamic Republic’s mass expulsions of Afghan migrants have not eased Iran’s economic strain nor slowed soaring bread prices, the hardline Kayhan newspaper, overseen by Iran's Supreme Leader Ali Khamenei, wrote on Wednesday.

Iran says foreign GPS systems unsafe, eyes national satellite network

Iran says foreign GPS systems unsafe, eyes national satellite network

The head of Iran’s Space Research Center said on Tuesday that foreign global positioning systems (GPS) are not secure and that the country must develop its own national satellite navigation network to reduce dependence on foreign providers.

Iran summons 10 over protests against power and water shortages

Iran summons 10 over protests against power and water shortages

Iranian authorities have summoned 10 citizens in the northeastern city of Sabzevar to face charges linked to protests over repeated power and water cuts, the Human Rights Activists News Agency (HRANA) reported on Monday.

Iran’s Sistan-Baluchestan faces irreversible collapse as Hamoun wetlands dry up

Iran’s Sistan-Baluchestan faces irreversible collapse as Hamoun wetlands dry up

Iran’s Sistan-Baluchestan province is grappling with a worsening environmental crisis as drought and intensifying dust storms devastate the Hamoun wetlands, with experts warning of farmland collapse, forced migration and irreversible ecological damage, local media reported.

Iran judiciary reopens probes into disputed land deals near Tehran

Iran judiciary reopens probes into disputed land deals near Tehran

Iranian authorities are investigating fresh details in two of 173 cases of disputed land allocations in Damavand and Shemiranat, Tehran province, judicial and semi-official news agencies reported on Sunday.

Iranian youth facing chronic anxiety as living costs climb - Tehran daily

Iranian youth facing chronic anxiety as living costs climb - Tehran daily

Young middle-class Iranians are getting increasingly anxious about slipping into poverty, despite salaries that once signaled stability but now fail to cover even routine expenses, Iran’s reformist Shargh daily warned in a weekend report.

Defying 'maximum pressure', China uptake of Iranian oil hits pre-Trump high

Defying 'maximum pressure', China uptake of Iranian oil hits pre-Trump high

The uptake of Iranian oil at Chinese ports hit highs last seen before Donald Trump reentered the White House in early 2025 and revived his so-called maximum pressure campaign, tanker-tracking data obtained by Iran International reveals.

Why Iran’s hopes for Chinese and Russian investment don’t add up

Why Iran’s hopes for Chinese and Russian investment don’t add up

Tehran’s optimism about fresh Chinese and Russian investment may be more aspirational than realistic.

US says Iran’s new tax law adds to people's financial woes

US says Iran’s new tax law adds to people's financial woes

The US State Department, in a rare comment on Iran’s domestic financial policy, criticized a new law imposing capital gains taxes on real estate, vehicles, foreign currency, precious metals and cryptocurrencies, saying it would add to citizens’ hardships.

Iranian farmer hangs himself in public over economic woes, rights group says

Iranian farmer hangs himself in public over economic woes, rights group says

A farmer hanged himself on Monday outside the local agriculture department headquarters in Kahnuj in southeastern Iran in protest over mounting economic pressures, local rights group Haalvsh reported.

Chicken price turns into symbol of mismanagement in Iran, speaker says

Chicken price turns into symbol of mismanagement in Iran, speaker says

Chicken has become a measure of the Islamic Republic’s failure to stabilize basic goods, parliament speaker Mohammad Bagher Ghalibaf said Sunday, amid reports of a sharp drop in average meat consumption, with some citizens eating none at all.

Iran lawmakers advance bill allocating billions to bolster armed forces

Iran lawmakers advance bill allocating billions to bolster armed forces

Iran’s parliament security and foreign policy committee has approved a bill to strengthen the armed forces against Israel, mandating billions in funding from oil revenues, frozen foreign assets and air transit fees, its spokesperson said on Sunday.

Iran’s Anzali Wetland faces collapse, $300mn needed for revival, governor says

Iran’s Anzali Wetland faces collapse, $300mn needed for revival, governor says

Iran’s AnzaliLagoon, a wetland on the Caspian coast, is facing “serious challenges and human-inflicted wounds” and could disappear without urgent action, provincial governor Hadi Haghshenas said, according to state media.

South Africa's MTN says Iran stake is now a frozen asset

South Africa's MTN says Iran stake is now a frozen asset

Billions of dollars belonging to South Africa’s MTN Group, the founding investor of Irancell, Iran’s second-largest mobile operator, remain blocked in Iran under US sanctions, the company confirmed in a recent financial update.

Rampant inflation may ignite bread riots in Iran, economist warns

Rampant inflation may ignite bread riots in Iran, economist warns

A fresh hike in bread prices has deepened the strain on many Iranians, prompting warnings from a prominent economist that unchecked inflation could spark unrest.