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Economy & Environment

Iran faces region’s harshest mix of wartime contraction and inflation

Iran faces region’s harshest mix of wartime contraction and inflation

War has erased Iran’s already weak growth prospects. The economy shrinks as prices rise at one of the region’s fastest rates, forcing households to bear war, sanctions and years of economic mismanagement through fewer jobs, weaker incomes and collapsing purchasing power.

For many Iranians, paychecks now barely cover food

For many Iranians, paychecks now barely cover food

Years of high inflation have pushed millions of Iranian households into a struggle over basic expenses, with new estimates showing wages barely cover food costs before rent, healthcare and other necessities are even considered.

Iran’s economic pain deepens as factions trade blame

As Iran navigates renewed confrontation with the United States and uncertainty over a fragile diplomatic process, a deeper crisis is returning to the center of public debate: how much longer ordinary Iranians can absorb the economic cost.

A remote bridge shows how US-Iran war is expanding

A reported US strike on a railway bridge in northern Iran has drawn attention to a lesser-known front in the widening conflict: the battle over the transport corridors linking Iran to Central Asia, Russia and China.

Iran's costly farewell for supreme leader draws backlash

Iran's costly farewell for supreme leader draws backlash

The Islamic Republic's state funeral for Ali Khamenei has drawn criticism over its attendance, the extensive public resources devoted to the event and what many Iranians described as an unsuccessful attempt to project political strength, following the burial ceremony.

Iran’s energy growth slows to a crawl as demand races ahead

Iran’s energy growth slows to a crawl as demand races ahead

The latest Statistical Review of World Energy published by the Energy Institute paints a troubling picture of Iran’s energy sector: a country with some of the world’s largest oil and gas reserves is increasingly struggling to meet its own energy needs.

Cattle feeding on hospital waste expose risks at Iran landfill

Cattle feeding on hospital waste expose risks at Iran landfill

Cattle have been filmed feeding on hospital waste at a landfill in northern Iran, exposing failures in waste management that risk contaminating livestock, soil and the human food chain, according to a report by Rokna website on Saturday.

In Iran’s Zagros, villagers fight oak forest fires the state cannot contain

In Iran’s Zagros, villagers fight oak forest fires the state cannot contain

When flames appeared over the Zagros, local residents again climbed toward the fire with shovels, branches and bottles of water, exposing a recurring failure: Iran’s largest oak landscape is burning faster than the state can protect it.

Dust storm blankets central Iran as air quality worsens

Dust storm blankets central Iran as air quality worsens

A dust storm has affected large parts of central and eastern Iran this week, with air quality reaching hazardous levels in some areas, visibility falling and authorities closing roads in parts of the country on Thursday.

Insulin costs soar in Iran as insurance fails to keep up

Insulin costs soar in Iran as insurance fails to keep up

Rising drug prices and lagging insurance coverage are pushing diabetes medication further out of reach in Iran, documents obtained by Iran International show, with one patient’s NovoMix FlexPen insulin payment rising more than 24-fold in less than two months.

Iran parliament cries censorship after Ghalibaf interview cut short

Iran parliament cries censorship after Ghalibaf interview cut short

Iran’s state broadcaster cut short a pre-recorded interview with Parliament Speaker Mohammad Bagher Ghalibaf on Tuesday, triggering protests from parliament and speculation that politically sensitive sections had been censored.

Two-week banking disruption leaves Iranians struggling to access money

Two-week banking disruption leaves Iranians struggling to access money

A banking disruption lasting more than two weeks has left many Iranians unable to access their accounts, make purchases or transfer money, adding to financial pressures after the recent war and ceasefire.

Nearly half of Iranians live in land subsidence zones, report warns

Nearly half of Iranians live in land subsidence zones, report warns

Land subsidence has expanded into a nationwide crisis affecting nearly half of Iran’s population, with parliamentary researchers warning the damage could become irreversible if current trends continue, Shargh newspaper reported on Monday.

Wildfire burns through southern protected forests in Iran

Wildfire burns through southern protected forests in Iran

A wildfire continued to burn through protected Zagros forests near Behbahan for a fourth day on Monday, exposing persistent shortages of aerial firefighting equipment after similar blazes in southern Iran earlier this month.

Why falling oil prices don't mean Hormuz crisis is over

Why falling oil prices don't mean Hormuz crisis is over

Global oil prices have fallen back to around where they stood before the Iran war. But the decline reflects not a recovery in supply but a combination of emergency measures including strategic reserve releases, alternative export routes and, above all, weakening global demand.

US policy on Iran: can money achieve what sanctions couldn't?

US policy on Iran: can money achieve what sanctions couldn't?

The new US-Iran memorandum of understanding marks a fundamental shift in Washington's approach to Tehran, replacing years of "maximum pressure" with an effort to use economic incentives to secure nuclear concessions, experts told Iran International.

Iran economists warn recovery needs reform not just relief

Iran economists warn recovery needs reform not just relief

Economists and business analysts in Iran say the country's biggest challenges may come after any agreement with the United States, arguing that structural reforms will be as crucial as sanctions relief to achieving a durable economic recovery.

Power, water outages disrupt daily life across Iran

Power, water outages disrupt daily life across Iran

Daily electricity and water outages disrupted life across Iran as summer began, with residents blaming years of underinvestment and deteriorating infrastructure despite officials citing rising demand and shrinking water supplies.

Iran’s negotiators have 60 days; its factories may not

Iran’s negotiators have 60 days; its factories may not

Iran’s negotiators have opened a renewable 60-day clock. Its factories may not have that long. The Chamber of Commerce’s own PMI survey shows warehouses emptying, orders drying up and production lines at risk of stoppage within months.

CoinEx became key channel for Iranian crypto flows – WSJ

CoinEx became key channel for Iranian crypto flows – WSJ

Iranian entities moved more than $3.84 billion in cryptocurrency through the Seychelles-based exchange CoinEx over the past six years, helping connect Iran's crypto ecosystem to global markets despite US sanctions, The Wall Street Journal reported on Wednesday.

US sanctions waiver could bring Iran's oil trade out of the shadows

US sanctions waiver could bring Iran's oil trade out of the shadows

The United States' new Iran sanctions waiver could do more than boost Iranian oil exports. It may also help shift Iranian energy trade from shadow networks back toward conventional global markets.

President's economic reality check fuels Iran's US deal debate

President's economic reality check fuels Iran's US deal debate

President Masoud Pezeshkian's unusually blunt remarks about Iran's economic crisis have intensified infighting over Supreme Leader Mojtaba Khamenei's position on the US-Iran agreement.