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Economy & Environment

China's imports of Iranian crude hit three-month high – Bloomberg

China's imports of Iranian crude hit three-month high – Bloomberg

China's imports of Iranian crude oil surged in June to their highest level since March, reaching over 1.7 million barrels per day (bpd), as sellers accelerated shipments to avoid potential disruptions linked to Iran’s conflict with Israel, Bloomberg reported.

US warns Iraq over Iran oil smuggling and Tehran-backed groups - Iraqi media

US warns Iraq over Iran oil smuggling and Tehran-backed groups - Iraqi media

The US has warned Iraq it could face sanctions over what it called Iranian oil smuggling and ties to armed groups, threatening to freeze millions in revenue and target state oil firm SOMO, Iraqi media reported.

Iran reports massive environmental damage from Israeli attacks

Israel’s 12-day military campaign against Iran caused extensive ecological harm, with huge cleanup costs and heightened public health risks, according to Iran’s Department of Environment.

Iranian CEO arrested in LA for allegedly sending electronics to Iran

An Iranian national and US lawful permanent resident has been arrested on charges of illegally exporting electronics from the United States to Iran, violating US sanctions, the Justice Department said Friday.

Iranian trade cratered during Israel conflict, data shows

Iranian trade cratered during Israel conflict, data shows

New data shows Iran’s foreign trade took a sharp hit during last month’s 12-day war with Israel, despite officials’ claims that it remained stable.

Iran internet blackouts hobble economy, erode public trust

Iran internet blackouts hobble economy, erode public trust

A nationwide internet outage likely imposed by the Tehran beginning just after midnight on July 6 has deepened concerns among a weary public over the already parlous state of the economy and access to information.

Air pollution in Tehran, Karaj spark health warnings

Air pollution in Tehran, Karaj spark health warnings

As air quality in Tehran and much of neighboring Alborz province reaches hazardous levels, medical experts are advising the vulnerable to stay indoors, with preparations underway for an emergency response.

Iran internet curbs cost $1.5 million an hour, industry group says

Iran internet curbs cost $1.5 million an hour, industry group says

Iran is losing over $1.5 million every hour to internet restrictions, the Internet Business Association said in an open letter, as media linked to the Revolutionary Guards said the disruptions may signal an intensifying cyber war.

Tehran stock market sees record capital flight amid post-war uncertainty

Tehran stock market sees record capital flight amid post-war uncertainty

Iranian investors withdrew over 132 trillion rials—nearly $145 million—from Tehran’s stock market on Wednesday alone, marking a historic record amid deepening mistrust following the recent conflict with Israel.

Iran mine preparations raised US alarm over Hormuz closure – Reuters

Iran mine preparations raised US alarm over Hormuz closure – Reuters

Iran loaded naval mines onto vessels in the Persian Gulf last month, intensifying concerns in Washington that Tehran was preparing to close the Strait of Hormuz, two sources briefed on classified intelligence told Reuters on Tuesday.

Iran must quickly prove it can rebuild across all fronts, vice president says

Iran must quickly prove it can rebuild across all fronts, vice president says

Iran must move swiftly to demonstrate its ability to rebuild across all sectors following the 12-day war with Israel, First Vice President Mohammad Reza Aref said on Tuesday, according to state media.

Banking disruptions persist in Iran after cyberattacks target major banks

Banking disruptions persist in Iran after cyberattacks target major banks

Iran’s banking sector continues to face severe service disruptions, with Sepah and Pasargad banks still struggling to fully resume operations after cyberattacks blamed on Israeli-linked groups.

Tehran stock market opens deep in the red after 12-day Israel war

Tehran stock market opens deep in the red after 12-day Israel war

Tehran’s stock market reopened after a 12-day conflict between Iran and Israel with a sharp collapse, as investor anxiety triggered a sweeping sell-off.

Iran’s June oil exports to China surge as demand rises - Reuters

Iran’s June oil exports to China surge as demand rises - Reuters

Iranian oil exports to China surged in June, reaching record highs as shipments accelerated and independent Chinese refineries stepped up purchases, Reuters reported on Friday.

Trump says China can buy Iranian oil, but can Iran deliver?

Trump says China can buy Iranian oil, but can Iran deliver?

President Donald Trump's surprise remark—that China can now buy Iranian oil—made immediate headlines, but also raised a few eyebrows and fresh questions.

Cyberattack hits Iran’s largest crypto exchange Nobitex

Cyberattack hits Iran’s largest crypto exchange Nobitex

Iran’s largest cryptocurrency exchange, Nobitex, has confirmed a security breach after a suspected cyberattack that resulted in the theft of tens of millions of dollars, as reports circulated of a $48 million loss.

Confidential report details Iran's struggle to meet fuel demand

Confidential report details Iran's struggle to meet fuel demand

A confidential report from Iran’s oil ministry appears to show a widening gap between domestic fuel production and consumption, highlighting growing pressure on the country’s energy infrastructure.

Senior MP bashes elite privilege in Iran after cleric family scandal

Senior MP bashes elite privilege in Iran after cleric family scandal

A senior Iranian lawmaker has issued a rare and sharply worded rebuke of the country’s entrenched corruption and perceived cronyism, warning that public anger over inequality and elite privilege is growing.

Iranians are accused of waste while struggling with shortages

Iranians are accused of waste while struggling with shortages

People in Iran are often accused of contributing to the country’s economic woes through wasteful habits—not just by officials, but by one another. But how much truth is there to these claims?

Average red meat intake in Iran drops by over half as millions go without

Average red meat intake in Iran drops by over half as millions go without

Iran’s average meat consumption has dropped to as little as seven kilograms per person annually from an average of 18, with some citizens eating none at all, according to Masoud Rasouli, secretary of the Meat Production and Packaging Association.

Dozens arrested as Iran truckers’ strike enters third week

Dozens arrested as Iran truckers’ strike enters third week

Iranian authorities have arrested more than 40 people, including truck drivers and supporters of a growing nationwide truckers’ strike, according to the Human Rights Activists News Agency (HRANA).

Desperate odds: inside Iran’s quiet gambling boom

Desperate odds: inside Iran’s quiet gambling boom

Despite legal and religious prohibitions, online gambling is quietly on the rise in Iran, offering an illusory hope of gain to many worn out by economic hardship.