Monday 24th Sep 2018 

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News: Iran Economy

Iran Regime’s Freefalling Economy

Iran Regime’s Freefalling Economy

By Staff Writer

There are only six weeks to go until the second round of US sanctions hits Iran, but already the Iranian economy is spiralling and global economic experts believe that the current Regime will likely fall and soon.

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Iran Regime’s Oil Exports Dropping Noticeably

Iran Regime’s Oil Exports Dropping Noticeably

By Staff Writer

Iranian oil exports began to drop noticeably in August as some of Iran’s biggest customers began to reduce or cut completely their purchases, in order to comply with incoming US sanctions on Iran, which aim to cut Iran’s oil exports to zero.

Iran’s sales on crude oil and condensate fell below 2 million barrels per day (bpd) in August, according to tanker tracking data compiled by Bloomberg, which is the lowest level in over a year.

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European Airlines Cancel Flights to Iran

European Airlines Cancel Flights to Iran

By Staff Writer

In just three weeks time, British Airways, Air France, and Dutch airline KLM will all be cancelling their flight routes to Tehran, joining several other global airlines, including the UAE's Etihad Airways, Kazakh carrier Air Astana, and Thai Airways, who scrapped their Iran service due to a "poor financial outlook" amid increased tensions between the US and Iran.

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U.S. Sanctions on Iran Regime Start Having Effects

U.S. Sanctions-Iran

By Mohammad Sadat Khansari

U.S. President Donald Trump announced earlier this year that the United States is exiting the 2015 Iran nuclear deal. At the same time, he announced that sanctions would be re-imposed. The U.S. State Department then announced that it expects all countries to cut their imports of Iranian oil to zero by November.

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Iran Regime VP: U.S. Sanctions Against us Are "Highly Effective”

Iran Regime VP: U.S. Sanctions Against Us Are "Highly Effective”

By Staff Writer

The first vice-president of Iran, Es'haq Jahangiri, admitted on Tuesday, September 11, that the American sanctions against Iran have been "highly effective”.

During a speech in Tehran, Jahangiri said that Iran is experiencing "a difficult and sensitive situation", but denied that the country is facing a "deadlock" at the moment, according to the Iranian Students News Agency (ISNA).

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