Banned together: Iranian ships in Venezuela defy US blockade
Sputnik – The arrival of the Iranian fuel vessels on the Venezuelan coast shows that there is an alternative to the US-imposed…
Economy
Food & beverage inflation at 31.6%
Financial Tribune – The Consumer Price Index of “food and beverage” group in the 12-month period ending May 20, which marks the…
Take that, Trump! Venezuela’s oil shipments from Iran show how alliances can help defy US sanctions
RT | Pablo Vivanco: Joint endeavor by two countries vilified by the US illustrates how its claims of dominance can be challenged.…
Iran’s steel output tops 8.4m tons
Financial Tribune – Iranian steel mills produced a total of 8.49 million tons of crude steel during January-April 2020, which indicates a…
Central Bank of Iran sets 22% inflation target
Financial Tribune – The Central Bank of Iran says based on “realistic assumptions and scenarios” it will set the inflation target at…
Iran claims it circumvents US sanctions with shipments to Venezuela
Al-Monitor – Venezuelan officials welcome the second Iranian tanker carrying gasoline to the Latin American nation; three more vessels are on their…
Tehran stocks sheds more than 33,000 points
Financial Tribune – Tehran Stocks opened in negative territory after a two-day Eid holiday, marking the end of the holy month of…
Iran eyes 100 mt petchem output in 1399
SHANA – Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical production capacity was planned to cross 10 million tons per…
SCI surveys latest consumer price changes in provinces
Financial Tribune – The average goods and services CPI in Iran for the 12-month period ending May 20 increased by 29.8% compared…
Merger of 2 military banks finalized
Financial Tribune – The process of merging two of five military banks and credit institutions with the state-owned Bank Sepah will be…
ETF rakes in $345m
Financial Tribune – With the subscription deadline set by the government’s bank-based exchange-traded fund ending on May 21, the Ministry of Economy…
Tehran real-estate survey
Financial Tribune – Lands, home and rent prices rose by 43.1%, 43.7% and 47.9% on a year-on-year basis, as the number of…
Oil-starved Venezuela celebrates arrival of tankers from Iran
The New York Times | Julie Turkewitz: The shipment represents a deepening of ties between two pariah states that are both under…
Zanganeh criticizes Turkey’s lack of coop. on repairing joint gas pipeline
MNA – Iran’s oil minister on Monday criticized Turkey’s lack of cooperation with Iran on having the blasted Iran-Turkey natural gas pipeline…
Rouhani urges Switzerland to play more constructive role against US illegal actions
MNA – In a telephone conversation with Swiss President Simonetta Sommaruga, Iranian President Hassan Rouhani called on the European country to perform…
Iran hopes for closer trade ties with Georgia
Tasnim – In a congratulatory message to Georgia on its national day, Iran’s First Vice President Eshaq Jahangiri hoped for the development…
Iran’s Zanganeh says hard to predict oil prices as demand unclear – radio
Reuters – Iran’s oil minister said on Monday it was difficult to forecast crude prices amid uncertainties over prospects for demand, Iranian…
Iran will not need oil income in 5-10 years: Acting OPEC governor
Press TV – Iranian caretaker OPEC governor Amir Hossein Zamaninia says US sanctions on Iran’s oil industry have created an opportunity for…
Rouhani stresses efforts to curb inflation, coronavirus
IRNA – Iranian President Hassan Rouhani stressed the relevant organizations’ efforts to control coronavirus and inflation on separate phone calls with the…
Iran fuel shipment nears Venezuelan shores, Maduro thanks Tehran
Reuters – The lead vessel of a five-tanker flotilla carrying fuel supplied by Iran to gasoline-thirsty Venezuela neared one of state-run PDVSA’s…
No subsidy for rice import
Financial Tribune – The government will no longer allocate subsidized foreign currency at the rate of 42,000 rials per US dollar for…
Iran starts installation of phase 11 jacket
SHANA – Iran’s Petropars Company has officially started operations to install the jacket of South Pars Phase 11 platform in the Persian…
Iran’s steel production declines 2.2% to reach 3.8m tons
Financial Tribune – Iranian steelmakers produced 3.85 million tons of semi-finished and finished steel products in the first month of the current…
Offshore section of South Pars development complete by 2021
SHANA – Iranian Minister of Petroleum Bijan Zangeneh announced completion of the South Pars Offshore Section as well as 17 phases of…
Consumer price inflation reaches 29.8 percent in Iran
Financial Tribune – The Statistical Center of Iran has put urban and rural average annual inflation rates for the month ending May…
Iran’s CB solicits help from moneychangers to restore calm to currency market
Financial Tribune – Fluctuations in forex market in recent months have compelled the Central Bank of Iran to seek help from authorized…
50% rise in cigarette sales tax revenues
Financial Tribune – The government earned 17,023 billion rials ($96.44 million) from tax on cigarette sales in the year ending March 2020.…
Petrol tankers sail from Iran to Venezuela in defiance of US
Financial Times | Gideon Long and Aime Williams: Caracas desperately needs fuel as sanctions worsen economic crisis Five ships laden with Iranian…
Iran’s President calls for national crypto mining strategy
The Cryptocurrency Post – Chairing Iran’s monetary coordination base camp – a course for the national financial technique – not long ago,…
Deputy oil minister named as Iran’s acting OPEC governor – news website
Reuters – Deputy Oil Minister Amir Hossein Zamaninia has been named as Iran’s caretaker OPEC Governor, replacing Hossein Kazempour Ardebili who died…
Tankers carrying Iranian fuel approach the Caribbean: data
Reuters – A flotilla of five tankers carrying Iranian fuel for gasoline-starved Venezuela is approaching the Caribbean, with the first vessel expected…
Producer price inflation at 36.7% in fiscal 2019-20
Financial Tribune – The lowest and highest annual producer inflation was registered for electricity and mining sectors with -4% and 45.1%, respectively…
Tehran forex, gold on a tear
Financial Tribune – The ascending order of the US dollar and euro continued on Wednesday, being sold respectively at 178,000 rials and…
Tehran construction material inflation at 35 percent YOY
Financial Tribune – The category of “ironware, rebar, profile for doors, windows and fences” with a 34.7% growth compared with Q3 and…
Iran hopeful of avoiding conflict with US over Venezuela-bound oil tankers
Euronews – Iran is hopeful the US will not resort to military action over it sending oil to Venezuela, the country’s ambassador…
Iran: Automakers might phase out Pride, Peugeot 405 in June
Financial Tribune – Automakers Iran Khodro (IKCO) and SAIPA are expected to end the production of two low-quality cars, Peugeot 405 and…
Tehran stocks closes 1.6% lower
Financial Tribune – Stocks tumbled in Tehran at the close of trading week Wednesday as investors continued to shun shares of major…
US unlawful sanctions threaten global public health: envoy
MNA – Iran’s Permanent Representative to the UN office in Geneva said that the US unlawful sanctions threaten global public health. He…
Sanctions, coronavirus cannot stop Iran’s production: Rouhani
MNA – Iranian President Hassan Rouhani said that the American virus and coronavirus can not stop Iran in the production field despite…
Iran dismisses new US sanctions as ‘fruitless and repetitive’
Reuters – Iran dismissed on Thursday new U.S. sanctions on several Iranian officials, saying they were a sign of the complete inefficiency…