On the fifth anniversary of Iran’s 2019 bloody fuel price protests, three economists reviewed lessons for the current government and warned against a similar decision for yet another fuel price hike.
Iran’s president has defended nationwide rolling blackouts for residential and commercial areas, warning that without these measures, the country faces significant risks in winter due to fuel shortages.
An independent Iranian filmmaker announced his intention to sell a kidney citing financial hardship, in a sign that Iran's faltering economy is pushing even middle class professionals toward desperate measures.
The Iranian government has approved regulation permitting private companies to import premium gasoline, known in Iran as "super" gasoline, at unsubsidized international prices, affordable only for the wealthiest citizens.
A severe fuel shortage has compelled the Iranian government to shut down three major thermal power plants and impose electricity rationing affecting both residential and industrial consumers.
Retired educators from provinces nationwide gathered outside Tehran’s Ministry of Education on Sunday, protesting unpaid end-of-service compensation and demanding action on delayed pensions.
In response to a deepening energy crisis, electricity distribution companies in Tehran and other provinces announced rolling blackouts for residential and commercial areas starting Sunday.
Tehran media carried headlines on Saturday that Iran is set to announce a nationwide blackout schedule, with power cuts planned from 9 a.m. to 5 p.m. starting Sunday, due to fuel shortages.
Iran is set to increase the price of aviation fuel, a move that could significantly impact airfares for domestic flights while the government is testing waters for raising regular gasoline prices.
The latest report from the International Monetary Fund (IMF) indicates that economic turmoil in Iran is expected to persist, with some indicators worsening significantly compared to previous years.
Driven by the specter of escalating tensions between Iran and Israel, the Iranian rial has plummeted to a historic low, with its value eroded to less than 1/10000th of its pre-Islamic Republic worth against the US dollar.
Iran's government has lifted a two-year ban on iPhone registration to permit legal imports, yet the decision to maintain high tariffs has raised doubts about its motives.
Iran plans a 200 percent increase in military spending in an upcoming budget, a spokesperson said on Tuesday, and will aim to boost revenue through higher taxes despite a big deficit and a moribund currency besetting the economy.