Iran

Iran crude loadings plunge to one-seventh of pre-war level as blockade bites

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Iranian crude loadings have fallen to about one-seventh of their pre-war level under the US naval blockade, while Chinese receipts of Iranian oil and fuel exports have also dropped sharply, tanker-tracking data reviewed by Iran International shows. Data from commodities intelligence firm Kpler shows Iran has loaded an average of about 287,000 barrels per day […]

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UAE trade halt threatens one of Iran’s remaining economic lifelines

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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. The UAE Foreign Ministry said this week that all trade, commercial exchanges and financial transactions with Iran had been halted until further

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Iran Records the Region’s Sharpest Decline in Trade with China

Arabic World, Iran, Iran economy, Iran Energy / Leave a Comment /

New Chinese customs data show that Iran has experienced the steepest decline in trade with China among countries in the region during the first seven months of 2026.Bilateral trade between Iran and China fell 57% year-on-year to just $2.58 billion during the January–July period.Iraq recorded a similarly sharp decline, while Oman suffered the least disruption

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First red meat, now dairy: Iran’s household diet keeps shrinking

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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. Annual dairy consumption has fallen from around 130 kilograms per person in 2010 to just 40 kilograms today, according to Ali Ehsan Zafari, head

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Iran’s Petrochemical Industry: One-Third of Capacity Sitting Idle

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Iran’s petrochemical industry — the country’s second-largest source of foreign currency earnings after oil — is grappling with the fallout from the recent war, even though it had already fallen off its growth trajectory before the Israeli and U.S. attacks. The industry faces three major challenges: chronic feedstock shortages stemming from the country’s natural gas

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Iran Flared 30 bcm of Gas, Equivalent to 65% of Residential Consumption

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The World Bank says that nearly 30 billion cubic meters of gas produced from Iran’s oil fields were flared and wasted at the production stage last year. This amount is equivalent to more than 10% of the country’s total gas production and also equals 65% of Iran’s total residential natural gas consumption last year. According

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A detailed view of a blue flame on a gas stove, illustrating heat and warmth.

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

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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. The report shows a sharp slowdown in the growth of electricity generation and natural

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Why Israel Targeted Iran’s Karun Petrochemical Complex

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When Israel launched retaliatory strikes against Iranian targets on June 8, 2026, following missile attacks by the Islamic Republic, much of the attention focused on military installations and infrastructure linked to Iran’s security apparatus. Yet among the targets, one facility attracted attention inside Iran: the Karun Petrochemical Complex in the Mahshahr Special Economic Zone in

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Iran may get a lifeline, but major obstacles remain

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The agreement between Tehran and Washington holds out the prospect of sanctions relief and potentially unprecedented foreign investment, but many of its economic promises remain uncertain and some may prove difficult to deliver even if negotiations succeed. The relative strengthening of the Iranian rial suggests the agreement has already had a positive psychological impact. The

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Iran Lost $540 Billion in Oil Revenue Since 2012 Sanctions

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Iran forfeited roughly $540 billion in oil export revenue between 2012 and May 2026, the period defined by successive rounds of Western sanctions on its energy sector. That gap works out to $6,000 for every Iranian citizen, or $24,000 for a household of four, equivalent to 1,950 days of work at the minimum wage. An

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