by Djavad Salehi-Isfahani The decision announced last Monday in Vienna to extend the talks aimed at a compressive agreement on Iran’s nuclear program for an additional seven months has resulted in Iran’s currency taking dive. In one week, the rial lost more than 5% of its value in the unofficial market. The devaluation has clear political
via LobeLog
by Djavad Salehi-Isfahani
The diplomatic push by Iranian President Hassan Rouhani to resolve the decade-long dispute over Iran’s nuclear program reached its zenith during his visit to New York in late September, exactly one year after Iran’s currency collapsed under the weight of US-led sanctions. Although the timing is largely accidental, the [...]
via LobeLog
by Robin M. Mills
Hassan Rouhani is known as a man who sprays air-freshener in the room before a meeting. When it comes to Iran’s oil industry, Iran’s fastidious president-elect may have a great deal of spring-cleaning to do.
Much outside attention has been paid to the impact of sanctions on Iran [...]
by Djavad Salehi-Isfahani
Talking to ordinary people in Neishabour and Tehran about Iran’s June 14 presidential election, economic issues seem foremost on their minds. But whom they will vote for is based on vague promises to pull the economy out of its deep crisis rather than well-defined economic programs.
Significant differences on economic philosophy divide [...]
via Lobe Log
by Jasmin Ramsey
Press reports about medical supply shortages in Iran, some of which have described devastating consequences, have been surfacing in the last two years, while debate rages on about who’s responsible — the Iranian government or the sanctions regime. Siamak Namazi, a Dubai-based business consultant and former Public Policy [...]
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 [...]
En Español
The Latest
From IPS News
- How Women in Ahmedabad Slums Are Beating Back Climate’s Deadly Heat
- Gender Rights: Resistance Against Regression
- Countering Growing Authoritarianism Requires a Robust Civil Society, Media & Academia
- Africans Can Solve the Disease that Haunts Us — Here’s How
- Beekeeping Offers Opportunity to Zimbabwean Farming Communities
- After 13 years in Conflict & Displacement, Syrian Women & Girls Must not be Forgotten
- The Ups and Downs of Control of Transgenic Crops in Mexico
- Biden’s Balancing Act: Israel’s National Security vs Palestinian’s Humanitarian Crisis
- US Delivers Both Life –and Death– to a Devastated Gaza
- Brazil’s Biofuel Potential Set to Expand Thanks to Sustainable Aviation Fuel
- Online fundraising for IPS Inter Press Service at Razoo