Iran economy

Iran’s Foreign Reserves Cover One Year of Imports as Oil Exports Collapse

Iran, Iran economy / Leave a Comment /

Iran’s oil exports have collapsed since the US naval blockade began on April 13, with daily loadings falling from 2.1 million barrels to 567,000 barrels, according to tanker-tracking firm Kpler. Onshore storage and tankers in Iranian waters are filling up, and the government has begun cutting oil production. An Iran Open Data analysis of OPEC […]

Iran’s Foreign Reserves Cover One Year of Imports as Oil Exports Collapse Read More »

pexels-photo-35416117-35416117.jpg

Iran’s foreign trade suffers wartime collapse

Iran, Iran economy / Leave a Comment /

Iran’s foreign trade has suffered a sharp contraction in the first month of war with the United States and Israel, newly released customs data show, signaling a severe blow to the country’s already fragile economy. Figures from Iran’s customs administration show non-oil trade collapsed in the final month of the previous Iranian fiscal year (February

Iran’s foreign trade suffers wartime collapse Read More »

Detailed view of Iranian rial banknotes held in hand, illustrating finance and economy in Iran.

The War’s Severe Damage to Iran’s Economy Comes Into View

Iran, Iran economy / Leave a Comment /

The economic toll of more than two months of war is visible in Iran, as a U.S. naval blockade and the effective halt of the Islamic Republic’s maritime trade triggers mounting pressure across the economy. The sharp depreciation of the Iranian rial is the clearest sign so far of a broader economic breakdown now unfolding.

The War’s Severe Damage to Iran’s Economy Comes Into View Read More »

Iran Under Pressure as War Exposes Deep Industrial Damage

Iran, Iran economy / Leave a Comment /

With a tentative ceasefire expiring and an incomplete lifting of Iran’s blockade of the Strait of Hormuz, the central question now is whether Iran will receive meaningful relief—particularly in the form of sanctions easing—or whether the United States will tie the lifting of sanctions to conditions such as curbs on regional activities or missile capabilities.

Iran Under Pressure as War Exposes Deep Industrial Damage Read More »

Ban on Petrochemical Exports Following Shutdown of Three-Quarters of Iran’s Production Capacity

Iran, Iran economy / Leave a Comment /

Iran’s National Petrochemical Company has announced a blanket ban on the export of “all petrochemical products” until further notice. The stated aim of the decision is to “stabilize the domestic market and prevent shortages of feedstock and raw materials.” During the recent 39-day war, Israel carried out extensive strikes on Iran’s petrochemical facilities, particularly in

Ban on Petrochemical Exports Following Shutdown of Three-Quarters of Iran’s Production Capacity Read More »

Iran’s Petrochemical Sector Faces Fresh Strain After Israeli Strikes

Iran, Iran economy / Leave a Comment /

Israel’s recent strikes on Iran’s southern petrochemical infrastructure have raised concerns over potential disruptions to one of the country’s key sources of export revenue, underscoring the strategic vulnerability of its energy sector. In recent days, Israel hastargeted at least eight large petrochemical facilities in Mahshahr, a major industrial zone in Khuzestan province, before extending its attacks

Iran’s Petrochemical Sector Faces Fresh Strain After Israeli Strikes Read More »

Stunning view of Dubai's skyline and waterfront during golden hour with glowing skyscrapers reflecting on the water.

War tests Iran’s Dubai trade lifeline

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

The war pitting the United States and Israel against Iran is being fought across airspace and shipping lanes, but one of its most consequential economic effects may be unfolding elsewhere: the fragile commercial relationship between Tehran and the United Arab Emirates. A series of recent economic measures taken by the UAE following Iranian attacks on

War tests Iran’s Dubai trade lifeline Read More »

Why Is India Tightening the Screws on Iran Now?

Iran, Iran economy / Leave a Comment /

India, one of Iran’s key trading partners and the country tasked with developing a strategic Chabahar port for the Islamic Republic, has seized three tankers carrying smuggled Iranian oil in waters near its coast. Despite the Indian Coast Guard’s announcement of the seizures, the Iranian government has so far remained silent—underscoring the risks Tehran faces from escalating tensions with

Why Is India Tightening the Screws on Iran Now? Read More »

Money is leaving Iran faster as oil income falls and uncertainty mounts

Iran, Iran economy / Leave a Comment /

Capital flight from Iran is accelerating just as oil revenues decline, according to new data from the Central Bank of Iran—a convergence that helps explain the sharp fall of the national currency in recent months. Central bank (CBI) figures show that, even before accounting for sanctions-evasion costs or discounts offered to Chinese buyers, the nominal

Money is leaving Iran faster as oil income falls and uncertainty mounts Read More »