Washington’s new sanctions are unlikely to stop a China–Iran freight train at the border, but may make the route Tehran has turned to under pressure from the US naval blockade costlier and less reliable.
The cost of transporting goods from Turkish ports to Iran has surged over fivefold in less than two months to about $8,000, Iranian media reported, as Washington pressures Turkey to help cut off Iran's overland trade routes to further isolate Tehran economically.
Iran is seeking more electricity from Turkey and Turkmenistan as war damage and other outages leave thousands of megawatts of industrial and petrochemical power capacity offline, even as Washington presses neighboring countries to help restrict Tehran’s remaining economic routes.
Iran has reached a preliminary understanding to allocate land at Chabahar to Taliban-run Afghanistan to build infrastructure for moving its goods to the sea, an Iranian lawmaker said.
More than two-thirds of respondents to an Iran International Instagram poll said the Trump administration’s pressure on the Islamic Republic is hurting ordinary Iranians more than the authorities.
Saudi Aramco has hired a US engineering firm to upgrade an offshore oil field it shares with Iran, which has fallen far behind several neighbors in developing shared energy reserves.
Reports that the Islamic Republic sent $200 million to Lebanon's Hezbollah have drawn anger from Iranians struggling with rising living costs, low wages and medicine shortages, according to messages sent to Iran International.
The widening reach of US sanctions across Iran’s transport and industrial networks has raised alarms in Tehran that Washington is seeking to close off the alternative trade routes the country has relied on to circumvent years of economic pressure.
A senior hardline Iranian lawmaker has been named in an allegation involving unauthorized excavation for antiquities and treasure, while parliament is also examining a reported excavation case involving an unnamed member of the legislature.
Iran’s central bank chief has rejected what he portrays as a US prediction of economic collapse, even as the rial trades near record lows and Iranian oil exports have fallen to zero.
Economic crisis is driving some Iranians across the border to Armenia for construction, taxi and delivery work, turning a longtime holiday destination into a source of income for families struggling to make ends meet at home.
Workers across several sectors in Iran say employers are delaying or splitting wage payments, cutting benefits and warning staff they could lose their jobs for protesting, as inflation and rising living costs deepen pressure on households.
Iran is reviewing Washington’s response to a seven-day proposal sent through intermediaries, a senior foreign ministry official said on Sunday, as other officials offered differing assessments of whether further negotiations with the United States were needed.
Iran’s currency fell to another record low against the dollar on Sunday, extending its decline during a US campaign aimed at restricting the Islamic Republic’s oil exports and financial flows.
Iranians are selling livestock, cars and furniture to pay for treatment their insurance no longer covers, and a member of parliament's health committee says the system has reached the point where falling ill can end in death rather than care.
Iran's rial fell to new record lows on Saturday, with the euro crossing 3 million rials for the first time and the US dollar hovering around 2.7 million rials on the open market.
Iran’s worsening economic crisis has opened an increasingly bitter argument over who is responsible, as the government points to outside pressure and market psychology while hardliners accuse Tehran’s own economic officials of making the situation worse.
Iran’s Education Ministry dismissed reports of teacher resignations over working conditions and security pressure as a “rumor,” despite numerous videos of teachers announcing departures and a teachers’ council warning of a growing exodus.
Iran’s stock market is breaking records even as the dollar and gold hit new highs, an apparent contradiction that may point to the same dynamic: households and investors scrambling to protect their wealth as the rial weakens and the economic toll of the Iran-US war grows.
Business at one of central Iran’s main heavy-vehicle service hubs has fallen by about 30% from a year earlier, offering a ground-level view of an economy where soaring food prices, a battered currency and weaker freight activity are squeezing workers and small businesses.
With war disrupting Iran’s southern trade routes, Tehran is looking north to the Caspian for alternatives. But the available evidence suggests they cannot replace its crucial oil exports.
A leaked Russian government roadmap obtained by Fox News put the share of Russia-Iran trade settled in national currencies at 68%, far below Moscow’s public claims that nearly all bilateral trade had shifted to rubles and rials.