via LobeLog
by Sara Vakhshouri
This week Iranians began dealing with a new phase of reduced fuel subsidies and increased gasoline prices. The new gasoline prices were announced at midnight on April 24 by the National Iranian Oil Refining and Distribution Company (NIORDC).The price for the semi-subsidized gasoline will be 7,000 rials per liter [...]
via LobeLog
by Robin M. Mills
Iran’s new oil minister, Bijan Zanganeh, cancelled plans to attend September’s United Nations meeting in New York. But the much-heralded thaw in US-Iranian relations has led to a remarkably quick revival in Western oil companies’ interest.
At least one large European firm is already rumoured to be looking [...]
via Lobe Log
by Farideh Farhi
Others have written about the gist of a new report by the National Iranian American Council (NIAC) on the impact of sanctions (here, here and here), so I am not going to provide a summary. But some points are worth reiterating. As Stephen Walt points out, the report [...]
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
The Western members of the P5+1 are showing signs of serious intent, if re-election of President Barack Obama allows nuclear-related talks with Iran to resume in the next few months.
This ought to be cheering news for all who believe that this dispute can be resolved according to the provisions of [...]
Iran’s economy is not on the verge of collapse
via Lobe Log
The sharp drop in the value of the rial in the last two weeks has created much excitement in Iran and abroad, but mostly for the wrong reasons. In the parallel (or free) market for foreign currencies, the [...]
via Lobe Log
The Iranian rial has been in free fall for the last few days. Inflation has been ramping up for the last few months as the rial has lost more than 50 percent of its value over the last year. Unemployment is up to maybe 25 percent plus, and quite a [...]
via Lobe Log
This past week a couple of articles have been published that hint at the central incoherence of the United States’ Iran policy. The arguments are not necessarily new, but they show in concrete terms how the stated objective of US sanctions, which is to change the calculations and behavior of Iran’s [...]
via Middle East Economic Survey
By Jahangir Amuzegar
*Dr. Amuzegar is a distinguished economist and former member of the IMF Executive Board.
During the last 12 months, and particularly since January 2012, the erratic and unhinged behavior of the Iranian currency, the rial, has been added to the Islamic Republic’s other thorny and protracted [...]
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