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Economy & Environment

Taliban weaponizing water as Iran officials keep mum, Tehran daily warns

Taliban weaponizing water as Iran officials keep mum, Tehran daily warns

A conservative daily in Tehran has accused the Taliban of deliberately withholding water to pressure Iran, urging the government to use diplomatic, economic and other tools to punish the group.

Hackers disrupt communications of dozens of Iranian oil and cargo ships

Hackers disrupt communications of dozens of Iranian oil and cargo ships

A hacker group said it disabled communications on more than 60 Iranian oil tankers and cargo ships, severing links between the vessels, their ports, and the outside world in one of the largest cyberattacks on the country’s maritime sector.

Iran's only navigable river at risk of drought, experts warn

The Karun River, the longest and only navigable river in Iran, is under severe strain from drought, reduced flow, chemical pollution, and wetland degradation, according to experts.

Iran’s currency further plunges amid rising fears of renewed UN sanctions

The Iranian rial slid further on Thursday, with the US dollar trading around 957,000 rials in Tehran’s free market, as markets braced for the possible reinstatement of UN sanctions through the so-called "snapback" mechanism.

Britain sanctions son of Khamenei aide and four Iran-linked companies

Britain sanctions son of Khamenei aide and four Iran-linked companies

Britain imposed sanctions on Hossein Shamkhani, the son of a close aide to Iran’s Supreme Leader Ali Khamenei, and four companies accused of supporting hostile Iranian activity, a government notice showed on Thursday.

Paper reports child hunger crisis in Iran as students faint from lack of breakfast

Paper reports child hunger crisis in Iran as students faint from lack of breakfast

Many malnourished children in Iran’s rural and nomadic schools set out on long morning walks without breakfast, leaving some to collapse from weakness during school line-ups and unable to learn during long school days, Shargh newspaper reported on Wednesday.

Minister says Iran’s GPS disruptions stem from drone threats

Minister says Iran’s GPS disruptions stem from drone threats

Iran’s communications minister confirmed on Wednesday that widespread disruptions to GPS and internet services were linked to “security considerations” and said raising tariffs for mobile operators had become unavoidable to sustain services.

'Economic suicide': Afghan expulsions spark labor crisis in Iran

'Economic suicide': Afghan expulsions spark labor crisis in Iran

Iran’s economy is reeling from an acute labor shortage following the mass deportation of undocumented Afghan migrants, with key industries such as construction and agriculture struggling to function.

Capital, provinces shut down as Iran's power shortage deepens

Capital, provinces shut down as Iran's power shortage deepens

Iran’s capital and several provinces will see a full-day closure of government offices due to a worsening electricity crisis, officials said Monday.

Global oil glut, price drop spell more trouble for Iran next year

Global oil glut, price drop spell more trouble for Iran next year

Iran may be heading into even greater financial strain as fresh data points to a worsening outlook for global oil markets, threatening the country’s most vital source of revenue.

Israel’s economy shrank amid war with Iran

Israel’s economy shrank amid war with Iran

Israel’s economy shrank 3.5 percent in the second quarter of the year as the 12-day war with Iran disrupted businesses and investment, the country’s Central Bureau of Statistics said on Sunday.

Iran introduces tax on inflation-driven asset gains

Iran introduces tax on inflation-driven asset gains

Iran has introduced a new law making inflation partly taxable, a move that critics say effectively charges citizens twice amid the country’s economic crisis.

What’s behind US move to sanction Iran’s fintech sector

What’s behind US move to sanction Iran’s fintech sector

The latest round of US sanctions imposed on Iran mark a shift in Washington’s strategy, moving beyond conventional financial limits to target the intertwined financial and digital networks that sustain Tehran’s economy and political control.

Drop in animal feed imports fuel fears over Iran's food security

Drop in animal feed imports fuel fears over Iran's food security

Iran’s customs data indicates that strategic reserves of animal feed have declined, raising warnings about potential impacts on the country's food security.

Buying property in Tehran could take 80 years of saving, official says

Buying property in Tehran could take 80 years of saving, official says

The average time to save for a home in Tehran is about 80 years, even as the capital witnesses a major wave of price decreases, the head of the Tehran Real Estate Consultants Union said.

Two refinery workers in southern Iran die of suspected heatstroke

Two refinery workers in southern Iran die of suspected heatstroke

Two refinery workers in southern Iran died of suspected heatstroke while on the job amid soaring summer temperatures, Iranian media reported.

Iran says water crisis worsening, Tehran land subsidence looms

Iran says water crisis worsening, Tehran land subsidence looms

Iran's ability to access fresh water is deteriorating, the government-run office of managing water supply said on Tuesday, adding that the capital Tehran faces a serious risk of land subsidence.

Tehran split as laundering watchdog offers blacklist exit talks

Tehran split as laundering watchdog offers blacklist exit talks

A rare invitation from the Financial Action Task Force (FATF) for talks on removing Iran from its global money-laundering blacklist has reignited a years-long political battle in Tehran.

Allies in name only? China’s money flows around Iran and Russia

Allies in name only? China’s money flows around Iran and Russia

While China keeps buying discounted oil from Iran and Russia, it is steering new investments and trade routes toward their competitors, official Chinese data reveals.

Tehran to cut water for heavy consumers as drought persists

Tehran to cut water for heavy consumers as drought persists

Tehran water authorities will cut supplies for 12 hours to households deemed heavy consumers who ignore three official warnings, a senior utility official said on Tuesday, as the capital faces its worst drought in more than a century.

Majority of Iranians dissatisfied with economic policies, poll finds

Majority of Iranians dissatisfied with economic policies, poll finds

A vast majority of Iranians are dissatisfied with the government's economic policies, according to a poll by Iran's leading economic newspaper Donya-ye Eqtesad, as costs of living soar and the value of the Iranian currency slips.

Iran seizes tanker in Gulf of Oman, detains 17 foreign crew members

Iran seizes tanker in Gulf of Oman, detains 17 foreign crew members

Iranian border guards, in coordination with the navy, have seized a tanker carrying more than 2 million liters of what authorities described as smuggled diesel fuel in the Gulf of Oman, state media reported on Monday.