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Economy & Environment

Iran summons activists in bid to head off protests over higher fuel prices

Iran summons activists in bid to head off protests over higher fuel prices

Iranian authorities have stepped up pressure on civil society, media and political activists in several cities in an apparent effort to deter any protests over higher fuel prices, according to people familiar with the matter.

Iran uses covert networks to evade aviation sanctions - report

Iran uses covert networks to evade aviation sanctions - report

Iran has built a covert network to keep its aviation sector operating despite sweeping international sanctions, using front companies, smuggling routes and deceptive flight practices, according to a joint report by the Institute for National Security Studies and ColEven.

Building a post-oil future needs a sprint: Iran is barely walking

Most authoritative energy forecasts, including Iran’s own official estimates, agree that global oil demand will peak in the next decade and then enter irreversible decline, a frightening outlook for Tehran.

Ex-lawmaker urges action on Iran’s assets in Venezuela, citing Assad's fall

A former Iranian lawmaker, citing the fate of Iran’s claims after the fall of Syria’s Bashar al-Assad, urged Tehran to move quickly to recover what he said were more than $2 billion of assets in Venezuela, as Washington escalated pressure on Caracas.

US fines crypto firm Exodus $3.1mn over Iran sanctions breaches

US fines crypto firm Exodus $3.1mn over Iran sanctions breaches

US treasury fined crypto wallet firm Exodus Movement $3.1 million for violating Iran-related sanctions, saying it provided customer support to users in Iran and, in some cases, advised them to use VPNs to bypass restrictions on access to digital asset exchanges.

Patient companions: the informal workers keeping Iran’s hospitals running

Patient companions: the informal workers keeping Iran’s hospitals running

A chronic shortage of nurses and auxiliary staff in Iran’s hospitals has quietly given rise to a new and largely unregulated job: the “patient companion.”

YouTube algorithm update hits revenue of Iranian creators

YouTube algorithm update hits revenue of Iranian creators

New Google algorithms for YouTube are more accurately detecting virtual private networks which mask user locations and are reclassifying most traffic as originating from Iran where ad rates are minimal.

Iran blocks accounts of over 250 people for $1.6 billion in money laundering

Iran blocks accounts of over 250 people for $1.6 billion in money laundering

Iran’s central bank said on Tuesday it had blocked bank the accounts of over 250 people suspected of money laundering a sum amounting to $1.6 billion, as the country attempts to consolidate its financial system amid harsh sanctions.

Iran health officials flag price rises as shortages loom over currency crunch

Iran health officials flag price rises as shortages loom over currency crunch

Iranian health officials warned that foreign currency bottlenecks and unpaid state debts are straining the drug supply chain, with the Food and Drug Administration chief signaling possible price rises for medicines and medical equipment to keep producers operating.

Cure for Iran currency slide could be worse than the disease

Cure for Iran currency slide could be worse than the disease

Iran faces a stark choice to address a cost of living crisis: preserve subsidized exchange rates that have failed to protect purchasing power and fueled corruption or remove it and risk triggering another wave of uncontrolled inflation.

Iran rial hits new record low of 1.31 million to the dollar

Iran rial hits new record low of 1.31 million to the dollar

Iran’s currency hit a fresh low on Monday of 1.312 million rials to the US dollar on the open market according to currency-tracking websites, reflecting deep economic woes in the country.

Fuel price hike squeezes household budgets amid plunging rial, Iranians say

Fuel price hike squeezes household budgets amid plunging rial, Iranians say

Iran’s latest gasoline price hike is weighing on daily life well beyond fuel costs, pushing up food prices, transport fares and medical expenses and adding strain to already stretched household budgets, citizens said in messages to Iran International.

Iran drug stocks under two months, 800 medicines at risk as FX delays bite

Iran drug stocks under two months, 800 medicines at risk as FX delays bite

Iran’s medicine and infant-formula stocks average less than two months, with as many as 800 drug lines at risk of shortage within three months, industry representatives said, citing four-to-five-month delays in foreign-exchange allocation.

Severe air pollution grips Tehran and Khuzestan despite rainfall

Severe air pollution grips Tehran and Khuzestan despite rainfall

Air quality deteriorated sharply in parts of Iran despite recent rainfall, pushing pollution levels in three cities in Khuzestan province and southeastern Tehran province into the red and prompting health warnings for all residents.

Iran currency slide sets fresh records as dollar passes 1.28m rials

Iran currency slide sets fresh records as dollar passes 1.28m rials

Foreign exchange prices in Iran surged to new records, sending the rial to fresh lows and pushing gold higher as demand for hard assets intensified on Saturday.

Iran medical suppliers warn of worsening drug shortages

Iran medical suppliers warn of worsening drug shortages

Iran is facing growing shortages of vital medicines and could see a sharp deterioration in supplies within months if current conditions persist, an industry official said on Saturday.

Iran warns capital water transfer offers only short-term relief

Iran warns capital water transfer offers only short-term relief

Efforts to ease Tehran’s water shortage through transfers from a nearby dam will only partially address the crisis and could fail entirely if dry conditions persist, a senior water researcher said, warning that years of overuse and policy missteps have depleted reserves.

Iran officially rolls out higher gas price under new three-tier system

Iran officially rolls out higher gas price under new three-tier system

Iran on Saturday started implementing a higher gasoline price under a new three-tier system, raising costs for non-card refueling or quota overuse in a cautious move to rein in subsidies while avoiding unrest.

Winter rains bless parched Tehran but drought lingers

Winter rains bless parched Tehran but drought lingers

Winter rain fell on Tehran on Wednesday after the driest autumn in over 50 years, providing temporary relief from a severe water shortage that the country's ruling clerics have led prayers to end but looks set to persist.

Iran welfare staff, contract workers protest outside parliament

Iran welfare staff, contract workers protest outside parliament

Employees of Iran’s welfare organization and contract workers from the oil, gas and power sectors gathered outside parliament in Tehran on Wednesday to protest low wages and insecure employment, local labor groups said.

Iran ready to expand ties with Belarus 'without limits,' vice president says

Iran ready to expand ties with Belarus 'without limits,' vice president says

Iran is ready to expand cooperation with Belarus “without any restrictions,” First Vice President Mohammad Reza Aref said on Wednesday in Tehran, following the conclusion of the 18th Iran–Belarus Joint Economic Committee.

As Iran currency hits new low, finance minister blames war's impact

As Iran currency hits new low, finance minister blames war's impact

Iran’s currency sank to a new all-time low on Monday with the US dollar climbing to 1.26 million rials but the country's finance minister described the slide as a normal result of a brief war with Israel in June.