Iran's government struggles to raise wages as prices soar
Less than a week before the start of the new Iranian year, the government has yet to set new wages, which are adjusted annually for tens of millions of public and private sector workers.
Economy & Environment
Sanctions-hit Iran turns to local firms to boost vital gas production
With foreign companies absent, Iran has signed a contract with domestic firms to implement pressure-boosting measures at South Pars, the world's largest gas field, which supplies 70% of the country's gas.
Iran unable to meet one-third of its power demand, warns industry chief
Iran’s electricity supply is expected to fall drastically short in 2025-2026, with the country unable to generate even a third of the additional power needed to meet demand, a senior industry official has warned.
Iran says 240,000 cryptocurrency mining rigs seized in crackdown
Iranian authorities have seized over 240,000 cryptocurrency mining devices in the past three years, the state electricity company Tavanir said on Sunday, as the country grapples with power shortages and network instability.
Rationing looms as Iran’s water reserves dwindle
Iran’s water reserves have fallen to critical levels, accelerating the risk of shortages and forcing officials to consider rationing months before peak summer demand.
Iraq struggles as US ends waiver for Iranian energy, official says
The expiration of a US sanctions waiver permitting Iraq to purchase Iranian energy poses short-term operational difficulties, the Iraqi prime minister's foreign affairs adviser told Reuters on Sunday.
Iran's president criticizes US sanctions, apologizes for tough winter
On Saturday, Iran's president criticized US efforts to curb the country's energy exports but made no mention of the letter President Donald Trump said a day earlier that he had sent to Supreme Leader Ali Khamenei.
Iran's capital faces worst drought in recent memory, water chief says
Iran’s capital Tehran is facing a severe water crisis as officials warn the lowest rainfall in nearly six decades has left key reservoirs dangerously depleted.
US to attend Baghdad talks in bid to curb Iranian oil exports
A US diplomat will attend a meeting in Baghdad Thursday focusing on resuming Kurdish oil exports via Turkey, sources told Reuters, as Washington pushes Iraq to boost global supply while curbing Iranian oil exports.
Living condition are bad in Iran, judiciary chief says
Iran's chief justice acknowledged the country's severe economic struggles and corruption in different levels of government.
Iranian ex-ministers sentenced in major trade corruption case
Two former Iranian ministers have been sentenced to prison for their roles in a major corruption case involving the tea company Debsh, according to Iran’s judiciary spokesperson.
Only 17 Asiatic cheetahs remain in Iran, environmental chief warns
Only 17 Asiatic cheetahs remain in the world and all reside within Iran, according to the head of Iran’s Environmental Protection Organization, putting the species to the brink of extinction.
Taliban diverts Helmand River water again, satellite images show
The Taliban has diverted water from the Helmand River (known as Hirmand in Iran) despite previous promises to release Iran’s share, according to satellite images cited by Tehran-based Shargh newspaper.
Iran’s potato prices soar, deepening hardship for struggling families
Potato prices in Iran have surged by a staggering 217% in the past year, according to the Statistical Center of Iran, highlighting a sharp increase in the cost of essential food items.
Iran cuts power to Iraqi province, sparking blackouts
A sudden and unexplained reduction in Iranian electricity supply plunged Iraq's eastern province of Diyala into a partial blackout on Saturday, highlighting Iraq's ongoing dependence on Iranian power.
Central Bank of Iran orders banks to open books
The Central Bank of Iran (CBI) has demanded new measures to force transparency from banks and financial institutions, citing widespread failure to comply with existing freedom of information laws.
Iranians struggling to afford basic needs as new year approaches
Citizens across Iran told Iran International that they are struggling to afford even the most basic necessities as Nowruz (Norouz), the new Iranian year, approaches on March 20.
Iranian pro-reform daily urges president to negotiate with US
A Tehran-based pro-reform newspaper called on president to take concrete steps toward negotiations with the United States, arguing that rhetoric alone will not resolve Iran’s economic crisis.
Son of Khamenei adviser sues Bloomberg over oil trade allegations - Iran media
The lawyer for the son of a key figure in Iran’s ruling elite says they have filed a lawsuit against Bloomberg over a report alleging his involvement in Iranian oil trade linked to Russia and global energy markets.
Iran to raise diesel prices in politically sensitive move
The Iranian government will raise diesel prices starting next month, Iran International has learned, in a move which could stoke unrest as economic malaise mounts.
Iran’s inflation soars as household costs far exceed official figures
Fifteen key household items had increased in price by an average of 12% in just one month, a recent analysis by Iran International found, exposing a stark gap between official inflation figures and the reality faced by consumers.
Iranian president says government ‘ashamed’ over energy crisis
Iranian President acknowledged public frustration over widespread blackouts and energy shortages, saying his government had become ashamed over its inability to deal with the issue.