Iran began its new fiscal year on March 21 amid deepening economic and energy crises, with even officials of the Islamic Republic acknowledging that conditions are likely to worsen in the year ahead.
Iraqi naval forces seized an unidentified vessel in the Persian Gulf suspected of fuel smuggling, detaining the Iranian captain and ten Indian and Iraqi crew, the navy said Tuesday.
The Iranian year 1403 ending on March 20 marked one of the most challenging yet for the country’s ruling elite, which has been beset by economic malaise at home and historic setbacks abroad.
US president Donald Trump has sent Iran’s leader a letter, we’re told, and that it’s significant. It probably is, but nobody I know seems to think so.
Iran’s key reservoirs are reaching dangerously low levels as years of declining rainfall and heavy reliance on hydropower take their toll, a senior water official warned.
A day after US President Donald Trump warned Iran of retaliation if its Houthi allies in Yemen launched an attack, the rial sank to a historic low against major currencies.
Iranian President Masoud Pezeshkian announced that government offices and executive bodies will be required to install solar panels as part of efforts to address the country's energy shortages, state media reported Monday.
Iran’s Supreme Labor Council approved a 45% increase in the minimum wage, setting the new base salary at 104.4 million rials ($110) per month, but the decision has drawn criticism from lawmakers and labor representatives who argue that it fails to match rising living costs.
Iranian authorities have discovered and sealed four illegal taps on a major oil pipeline near the southern city of Bandar Abbas as the country grapples with a massive fuel smuggling crisis, officials said on Sunday.
Amid the worsening economic crisis and deteriorating living conditions, the economic institutions of the Islamic Republic are attempting to present a picture of economic growth.
Iranian President Masoud Pezeshkian has issued a stark warning about Tehran's critical water shortage and land subsidence, calling it God's wrath and urging immediate, collaborative action from officials and experts.
President Masoud Pezeshkian should commit harakiri, a form of Japanese ritual suicide, rather than seek scapegoats for the country's soaring inflation, suggested a prominent Iranian commentator.
Less than a week before the start of the new Iranian year, the government has yet to set new wages, which are adjusted annually for tens of millions of public and private sector workers.
With foreign companies absent, Iran has signed a contract with domestic firms to implement pressure-boosting measures at South Pars, the world's largest gas field, which supplies 70% of the country's gas.
Iran’s electricity supply is expected to fall drastically short in 2025-2026, with the country unable to generate even a third of the additional power needed to meet demand, a senior industry official has warned.
Iranian authorities have seized over 240,000 cryptocurrency mining devices in the past three years, the state electricity company Tavanir said on Sunday, as the country grapples with power shortages and network instability.
Iran’s water reserves have fallen to critical levels, accelerating the risk of shortages and forcing officials to consider rationing months before peak summer demand.
The expiration of a US sanctions waiver permitting Iraq to purchase Iranian energy poses short-term operational difficulties, the Iraqi prime minister's foreign affairs adviser told Reuters on Sunday.
On Saturday, Iran's president criticized US efforts to curb the country's energy exports but made no mention of the letter President Donald Trump said a day earlier that he had sent to Supreme Leader Ali Khamenei.
Iran’s capital Tehran is facing a severe water crisis as officials warn the lowest rainfall in nearly six decades has left key reservoirs dangerously depleted.
A US diplomat will attend a meeting in Baghdad Thursday focusing on resuming Kurdish oil exports via Turkey, sources told Reuters, as Washington pushes Iraq to boost global supply while curbing Iranian oil exports.
Iran's chief justice acknowledged the country's severe economic struggles and corruption in different levels of government.