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Economy & Environment

Iran eases Korean appliance curbs through informal border trade

Iran eases Korean appliance curbs through informal border trade

Iran on Saturday expanded limited imports of South Korean home appliances through its border trade system, five years after Ali Khamenei ordered restrictions on products from LG and Samsung.

Iran’s oil industry has too many masters

Iran’s oil industry has too many masters

The problem facing Iran’s oil industry is not just sanctions or a shortage of investment. It is a question of governance: who makes decisions, who signs contracts, who receives the money and, ultimately, who is accountable?

Iran threatens regional air travel as US sanctions cut its flight links

Iran threatened to disrupt regional air travel if its airlines lose access to flights and airport services, as Iraq's Najaf, Erbil and Sulaimaniya joined other destinations restricting Iranian connections under mounting US sanctions pressure.

UAE says it suspended Iranian airline flights over US sanctions

The United Arab Emirates said on Thursday it had suspended all flights operated by Iranian airlines to and from the country from Thursday until further notice, citing US sanctions targeting Iran’s aviation sector.

China shipments help sustain Iran’s weapons programs despite US pressure - WSJ

China shipments help sustain Iran’s weapons programs despite US pressure - WSJ

Chinese suppliers sent around 1,300 shipments of dual-use components to Iran’s defense ministry in the first half of 2026, helping sustain its weapons programs, The Wall Street Journal reported.

War deepens Iran’s energy crunch ahead of winter

War deepens Iran’s energy crunch ahead of winter

Iran’s economy contracted sharply in the spring as war hit its oil and gas sectors, with new data pointing to an energy crunch that could force Tehran to balance gas exports against rising domestic demand as winter approaches.

Iran warns oil pollution spreading along southern coast could last years

Iran warns oil pollution spreading along southern coast could last years

Oil pollution has spread along parts of Iran’s Hormozgan coast and reached the entrances of shrimp farming channels in Sirik, with environmental officials warning that some of the contamination could remain in the marine environment for years.

Iran cancels Baghdad, Muscat flights as regional restrictions tighten

Iran cancels Baghdad, Muscat flights as regional restrictions tighten

Iran has canceled flights from Tehran to Baghdad and Muscat from midnight Wednesday as regional airports begin restricting Iranian carriers under mounting US pressure aimed at cutting the country’s airlines off from international operations.

Iranian test-takers head abroad as exam access shrinks

Iranian test-takers head abroad as exam access shrinks

Iranian applicants are turning to costly overseas trips and alternative exams after access to international tests narrowed, compounding difficulties caused by internet disruption, payment restrictions and the falling value of the rial.

Journalist ties tanker attacks to oil middlemen, drawing treason accusations

Journalist ties tanker attacks to oil middlemen, drawing treason accusations

Iranian investigative journalist Yashar Soltani says the middlemen who move Iran's sanctioned oil revenues had a financial motive to wreck the June deal with Washington, and that the tanker attacks weeks later served it. Hardline outlets have answered with accusations of treason.

Economic crisis puts Iran’s coal miners at greater risk

Economic crisis puts Iran’s coal miners at greater risk

Iran’s economic crisis and rising currency costs are making essential safety equipment harder for coal mines to obtain, increasing risks for workers already operating in dangerous conditions, labor news agency ILNA reported on Monday.

Iran factories face deepening raw material shortages

Iran factories face deepening raw material shortages

Iranian manufacturers are rapidly running down stocks of raw materials as supply disruptions and rising costs deepen pressure on industrial production, according to the latest survey by the Iran Chamber of Commerce.

Will shutdowns forced by US blockade damage Iran’s oil wells?

Will shutdowns forced by US blockade damage Iran’s oil wells?

The sharp fall in Iran’s oil loadings is forcing it to curb production, raising costs beyond lost sales, from restarting aging wells to maintaining reservoir pressure and protecting shared fields. But could the shutdowns cause lasting damage?

Tehran ‘ashamed’ as Iranians struggle to make ends meet

Tehran ‘ashamed’ as Iranians struggle to make ends meet

Iran’s economic hardship has grown so acute that senior government officials are increasingly acknowledging in public the scale of the pressure on ordinary households.

Iran faces postwar winter with major gas capacity still offline

Iran faces postwar winter with major gas capacity still offline

Iran is racing to restore gas infrastructure before winter after attacks knocked about 230 million cubic meters a day of gas-processing capacity offline, adding to shortages in an energy system already struggling to meet demand.

Iran cancer patients sell household goods to pay for treatment

Iran cancer patients sell household goods to pay for treatment

Some cancer patients in Iran are selling essential household goods or abandoning medication as soaring drug prices and gaps in insurance coverage put treatment beyond the reach of low-income families, a charity director said on Thursday.

After Muscat collapse, Tehran argues over what comes next

After Muscat collapse, Tehran argues over what comes next

Iranian newspapers that agree on almost nothing agreed on Monday that the Muscat talks had collapsed. Kayhan, Shargh and Donya-ye Eghtesad all reported it, and the argument has already moved to what Tehran does next.

US seeks $61 million in cryptocurrency tied to Iran oil sales

US seeks $61 million in cryptocurrency tied to Iran oil sales

US prosecutors are seeking the forfeiture of about $61 million in cryptocurrency that came from black-market sales of sanctioned Iranian crude oil and petroleum products and was intended to finance Iran's government and military, including the Revolutionary Guards.

Iran's Saudi leverage could become its liability

Iran's Saudi leverage could become its liability

Iran has gained leverage over Saudi Arabia as Houthi advances and attacks put pressure on the kingdom’s territory and oil routes. But Riyadh is responding more forcefully, raising the risk that Tehran’s advantage could provoke a military backlash that ultimately weakens it.

Iranians say basic food slipping beyond reach as bread prices soar

Iranians say basic food slipping beyond reach as bread prices soar

Iranians are struggling to afford basic food as bread prices rise sharply and citizens describe soaring costs for vegetables, snacks and other everyday purchases, according to an local media report and messages sent to Iran International on Monday.

Foreign investment in Iran hits zero after war

Foreign investment in Iran hits zero after war

Foreign investment in Iran has effectively come to a halt following the war with Israel and the United States, with no new foreign investment recorded so far this Iranian year, a senior industry ministry figure said.

Iranians buy bread on credit, queue for chicken scraps

Iranians buy bread on credit, queue for chicken scraps

Iranians are increasingly buying basic food on credit and lining up for chicken scraps, with shopkeepers and residents describing shrinking purchasing power under rapidly rising prices in a report published Sunday.