via Lobe Log
by Sara Vakhshouri
In the last week of April, the US Energy Department issued a report showing that Iran’s crude oil and condensate exports have dropped to their lowest level in the past 26 years. The Energy Information Administration (EIA) estimates that Iran’s net oil export revenue in 2012 was $69 [...]
via Lobe Log
by Djavad Salehi-Isfahani
The latest round of talks between the P5+1 (the US, Russia, China, Britain, France, and Germany) and Iran in Kazakhstan concluded on Saturday without any tangible progress. While details of the reciprocal offers remain unclear, what we have learned indicates that neither side is in any particular hurry [...]
via Lobe Log
by Djavad Salehi-Isfahani
Four months after the collapse of the rial earlier this fall, Iran’s economy is still reeling from its effects. The rial lost 40% of its value in one week late last September, succumbing to accumulating pressures from free spending by the Ahmadinejad government, overvaluation caused by years of [...]
via Lobe Log
by Sara Vakhshouri
Sanctions against Iran by the European Union and the United States, which aim to change Iran’s attitude toward its nuclear program, have increased pressure on its oil export and revenue. This resulted in the reduction of Iran’s oil exports from 2.2 million barrels per day (bpd) in late 2011 [...]
via Lobe Log
By Erich C. Ferrari and Samuel Cutler
Contained in the Defense Authorization Act (NDAA) of 2013, and signed into law by President Obama on January 2, are sweeping new sanctions targeting Iran over its disputed nuclear program. The new measures target foreign entities engaging in a wide array of transactions with [...]
via Lobe Log
In the past few days there have been a string of reports regarding the harmful impact of sanctions on the Iranian population. Issues related to rising prices, the inability to import medicine for life threatening diseases because of financial sanctions and even life threatening pollution caused by domestically-produced gasoline, [...]
By Kevan Harris
via USIP
What is the state of Iran’s economy in 2013 compared to a year ago?
Iran’s economy enters 2013 significantly worse than a year ago, particularly with higher inflation and unemployment than at the beginning of 2012. The rial also plunged from around 11,000 to the dollar at [...]
via Lobe Log
For Iran, 2012 will go down as the year of economic woes. The mantra of the “enemy’s psychological war against Iran” will no longer be blamed more than internal mismanagement even by the most ardent supporters of Mahmoud Ahmadinejad and the Leader, Ali Khamenei. The “resistance economy” against the “economic war [...]
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