The expiry of a 25-year gas contract has exposed a shift in the Iran-Turkey energy relationship, with Ankara now enjoying more supply options while Tehran risks losing one of its most dependable export markets.
A gasoline policy survey by Iran’s energy optimization chief has reignited debate over how the Pezeshkian administration should tackle the country’s fuel deficit without triggering another politically dangerous price shock.
The United Arab Emirates’ decision to halt all trade and financial transactions with Iran threatens one of Tehran’s most important routes for imports, petroleum-product sales and access to international commercial and financial networks.
Donald Trump has promised an “Economic D-Day” against Iran, a threat Tehran dismissed as another failed US policy. But with inflation, shipping costs and supply strains already biting, how much more pressure can Iran’s fragile economy absorb?
Some luxury apartments in northern Tehran are being advertised above the price of central Munich or Sydney: 25 billion rials, about $13,228, per square meter, according to Farhikhtegan newspaper, which examined the listings.
Two Chinese state-controlled shipping companies have stopped sending oil tankers through the Strait of Hormuz and Bab al-Mandab, instead loading crude outside the Persian Gulf amid heightened security risks, Reuters reported on Tuesday, citing industry sources and shipping data.
Donald Trump’s maximum pressure is usually scored by counting tankers and tracking the rial, but Iran’s budget points to a deeper cost: more than $80 billion in NIOC bank debt and sovereign-fund arrears, repeatedly deferred as Iranians shoulder the burden.
Iran’s government is considering three proposals to curb gasoline consumption as war damage, import difficulties and a widening gap between domestic production and demand put growing pressure on fuel supplies.
Iran says its non-oil trade has fallen by around 30% since the war began, but figures from several of its biggest trading partners point to far steeper declines in some of the country’s most important commercial relationships.
The aborted move in Kerman Province revived one of the most politically explosive questions in Iran: how to curb gasoline consumption without repeating the upheaval that followed the last major nationwide price increase in 2019.
The Caspian Sea is falling by as much as 20 centimeters a year and stands at its lowest level in two centuries, an Iranian environment official said, a warning that lands just as Tehran reopens the argument over how to divide a sea that is shrinking on all five of its owners.
Replacing a single ship carrying essential goods to Iran would require about 2,500 trucks, a Chamber of Commerce official warned, saying land routes cannot offset the US maritime blockade and negotiations are the only realistic way to restore trade.
A plan to sell petrol at a much higher “refinery cost” rate in southern Kerman province was halted hours before it was due to begin, the provincial fuel distribution company said on Thursday.
Iranian authorities have sealed at least 42 cafés, restaurants, shops, sports clubs and other businesses across the country in the past three weeks, over compulsory hijab rules and what officials describe as violations of Islamic norms.
OPEC oil production continued its sharp post-war recovery in July, but Iran remained a notable exception, with output still around a quarter below pre-war levels and its oil revenues taking an even steeper hit.
More than eight in 10 respondents to an Iran International Instagram poll said they would leave Iran if given the opportunity, reflecting deep frustration among those who took part over the country’s economic and social conditions.
Oil has reached mangrove forests on Iran's Qeshm island while a separate vast slick spreads toward Oman's coast, raising fears of environmental damage in waters already disrupted by war.
Rising living costs have forced many Iranians to give up cafes and restaurants, turning a once-routine form of leisure into an expense increasingly squeezed out by rent, food and healthcare, messages to Iran International say.
Workers across Iran’s mining, industrial and municipal sectors say they have gone months without full pay, while some employers have also cut staff, deepening pressure on households already struggling with rising living costs.
Masoud Pezeshkian may have a claim to being Iran’s unluckiest president, with his two years in office dominated by wars that have battered an already ailing economy to the point that keeping households above subsistence would count as an achievement.
Soaring food prices are reshaping what Iranian families eat, with new figures showing a steep decline in dairy consumption alongside a longer retreat from red meat as household purchasing power erodes.
Iranians are struggling to afford medicines and medical care, with some foregoing treatment as prices rise, drug shortages spread and insurance coverage falls short, according to accounts from patients.