Sunday 16th Dec 2018 

  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian
  • English
  • French
  • Deutch
  • Italian
  • Arab
  • Spanish
  • Albanian

News: Iran Economy

SWIFT Global Finance Network Under Pressure to Cut off Iran Regime

SWIFT Global Finance Network Under Pressure to Cut off Iran Regime

By Staff Writer

As part of economic sanctions that will go into effect in early November, the US plans to disconnect Iran from the SWIFT global payment network, making it difficult for Iran to get paid for exports.

US Treasury Secretary Steven Mnuchin told Reuters on Sunday, “I can assure you our objective is to make sure that sanctioned transactions do not occur whether it’s through SWIFT or any other mechanism.” Mnuchin explained, “Our focus is to make sure that the sanctions are enforced.”

Print Email

U.S. Sanctions Interfere With Progress on Chabahar Port

U.S. Sanctions Interfere With Progress on Chabahar Port

By Staff Writer

In 2015, Iran and India signed a deal for the construction of two new terminals at Iran’s Chabahar Port as well as a number of container and cargo terminals. India’s involvement with the development of Chabahar Port means that it can have a new and reliable way of accessing Afghanistan. This is something that India is depending on after its previous major investment into the Zaranj-Delaram Highway – a roadway that is more than 200 kilometres long and one of the busiest routes in Afghanistan.

Print Email

Hook: Decline in Iranian Oil Won’t Harm Market

Hook: Decline in Iranian Oil Won’t Harm Market

By Staff Writer

US special envoy for Iran, Brian Hook, told reporters on Monday that the US still intends to cut Iran’s oil sales to zero by November 4 without having a negative impact on the oil market.

He said: “We are working with countries that are reducing their imports to ensure that this happens.”

Print Email

Iran and the Ongoing Economic Crisis

Iran and the Ongoing Economic Crisis

By Staff Writer

As Iran attempts to grapple with hard-hitting international sanctions and widespread domestic unrest, a report on prospective oil imports from Iran by India was released, which revealed that India has developed a mechanism to evade the penalties for continuing to do business with Iran, by using public refiners. Although, it is not clear how this will evade sanctions, as Trump has threatened to crack down on countries that continue to do business with Iran.

Print Email

US Sanctions Cause Panic Buying in Iran

US Sanctions Cause Panic Buying in Iran

By Staff Writer

The Iranian public has started panic buying tomato paste, a staple in their cuisine, which is a sign the renewed US sanctions are beginning to squeeze the economy.

While Iran makes its own paste from locally grown tomatoes, the Iranian currency’s 70% drop in value this year has meant that producers will make more money selling their products abroad, rather than domestically.

Print Email

Iran Regime Sentences Three to Death for Economic Crimes

Iran Regime Sentences Three to Death for Economic Crimes

By Staff Writer

The Iranian Regime sentenced three people to death for corruption on Sunday, hoping to send a strong message to officials and merchants about not exploiting the country’s financial crisis as US sanctions hang overhead.

The businessmen have not been named and the specific details of their charges have not been revealed. The punishment still needs to be ratified by Iran’s highest ranking court, according to judicial spokesman Gholamhossein Mohseni-Ejei.

Print Email

Contact Us

Copyright © 2018 NCRI - National Council of Resistance of Iran. All Rights Reserved.