Economy & Environment

Iranian officials are sounding alarms over a deepening water crisis that has already affected nearly four dozen major dams, threatened electricity production, and forced Tehran into rolling blackouts.

Turkey's state-owned Halkbank has asked the US Supreme Court to review a lower court decision that allows it to be prosecuted for allegedly helping Iran evade American sanctions, a lawyer for the bank said on Monday.

Iran’s escalating water crisis is not only draining its aquifers but also laying the groundwork for potentially devastating earthquakes, a leading geology expert warns.

Iran’s currency fell sharply on Saturday after a planned fourth round of indirect talks with the United States was postponed, as sharp disagreements over uranium enrichment and inspections cast doubt on prospects for a breakthrough.

President Masoud Pezeshkian’s campaigned on transparency, but his administration is presenting inflated and misleading data about Iran’s energy sector in an apparent bid to soothe public dissatisfaction with deepening blackouts.

The administration of Iranian President Masoud Pezeshkian is preparing to disqualify wealthier citizens from the country’s long-running cash handout program to save government funds as economic headwinds mount.

Iran’s multi-billion-dollar bid to rebuild postwar Syria and cement long-term influence has collapsed following the ouster of President Bashar al-Assad, according to documents obtained by Reuters from Tehran’s ransacked embassy in Damascus.

Labor Day in Iran was marked by demonstrations by teachers and heightened security in several cities across the country with allegations of violent suppression of protesters by security forces.

Foreign exchange rates, which have a critical impact on economic life, fluctuate frequently depending on where they are traded, adding to the anxiety of businesses and ordinary Iranians enduring inflation and sanctions.

More than half of Iran's port activity remains offline following a major explosion at the Shahid Rajaee port in Bandar Abbas, according to Iranian port authority data.

Iran has finalized four agreements worth a total investment of $4 billion with Russian companies to develop seven oil fields, Oil Minister Mohsen Paknejad said.

With inflation and unemployment mounting, some Iranians and officials are stepping up calls to expel the millions of undocumented and impoverished Afghans in their midst to claw back jobs and government handouts for citizens.

I’ve grown the habit of checking the dollar exchange rate every few hours, even though I sold all that I had a few months ago—or perhaps because I sold all that I had a few months ago.

Iran hopes to revive offshore oil and gas exploration after a six-year hiatus as regional rivals Saudi Arabia and the United Arab Emirates have made significant recent discoveries and deals on their own patches.

Iran's financial markets reacted with a mix of caution and optimism in the wake of the latest round of nuclear talks with the US in Rome, a stark contrast to the dramatic response witnessed after the first round of negotiations in Muscat.

Iran has indicated a willingness to open its markets to American investors if a nuclear deal is reached, but some experts argue that expecting not only US investment but any significant foreign investment is highly unrealistic.

Iran needs $200-250 billion dollars in investments to bring stability to its oil and gas sectors, an official in the chamber of commerce said, reiterating previous comments by the oil minister.

While sovereign wealth funds tied to oil revenues in Iran’s neighboring countries have surpassed $3.6 trillion, a new report by the Iranian Parliament Research Center reveals the extensive depletion and misuse of Iran’s National Development Fund (NDF).