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Iran is grappling with a severe energy deficit crisis, exacerbated by the summer heat and the government's failure to meet natural gas and electricity production targets.
Iran’s economy minister says the government budget’s tax revenues reached 8,000 trillion rials ($13.5 billion), achieving 108% of the projected target during the last fiscal year, which ended on March 21.
After relatively strong GDP growth in 2023, Iran's economic growth would decelerate in the current and next two years, World Bank reported Wednesday.
British bank Standard Chartered is accused of facilitating billions of dollars in transactions for funders of terrorist groups such as Hamas and al-Qaeda, according to new US court documents.
Over the last decade, Iranians have cut dairy consumption by 30% and meat by 17%, amid escalating poverty largely caused by the government's inefficient economic policies.
Iran’s battered currency, the rial, has recovered more than half of its losses during May as the likelihood of war with Israel decreased and the US continued negotiations with Tehran.
As citizens' living conditions continue to worsen, pro-government Iranian media have intensified their praise for the late President Ebrahim Raisi's "successes" following his death in a helicopter crash.
Turkey has signed an agreement with Azerbaijan to import and transit Turkmen natural gas, excluding Iran from Turkmen gas east-west land transit routes to the Mediterranean and Europe.
Over 47,000 tons of expired and contaminated cooking oil have been distributed in Iran, according to prominent Iranian whistleblower journalist Yashar Soltani.
Forty percent of a gas and oil field in the western end of the Persian Gulf belongs to Iran, one of the top commanders of the Revolutionary Guard was quoted as saying on Tuesday.
The Iranian government says that it has a plan to boost oil production to 4 million barrels per day, a high figure that Iran had not achieved even before the United States imposed sanctions in 2018.
The death toll in Iran's northeastern Khorasan Razavi province has reached 12, as floods sweep through the region, exacerbated by government mismanagement and flawed urban planning.
Prominent conservative politician Mohammad Reza Bahonar says that government funds are scarce and oil sales alone cannot meet the country’s basic needs, adding to the recent criticism of President Ebrahim Raisi's economic policies.