Tehran: The Iranian economy has plunged into a crisis, and the country has been hit with peak inflation due to stringent sanctions imposed by the US in the last year. The Iranian citizens are complaining about food prices that have shot up by 50% to 100%. Moreover, the government, too, has tremendously failed to bring […]
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Tehran: Inflation in Iran has gone up by a whopping 37%, and the Iranian people have to pay ten times the price for purchases. It is said that the Iranian people have to shell out 130,000 Rials per US dollar. At the same time, unemployment has moved up to 12%, rendering more than 3 million […]
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Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]
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London: The effects of the US tightening the noose around Iran against oil trade have started emerging on the international level. Following the announcement by the United States, the Crude rates have spiralled to $ 75 per barrel, in just three days. As per the analysts, after the actual implementation of the sanctions, the rates […]
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Tehran: The Iran navy chief roared ‘If Iran cannot export oil through Hormuz, no one else will be allowed to transport oil, through this sector.’ A third of the oil movement in the world passes through the Strait of Hormuz. This increases the seriousness of the threat, issued by the Iranian naval chief. One of […]
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London: The crude oil rates have risen, in light of the raging conflict in Libya and the US sanctions against Iran and Venezuela. The crude prices jumped to $70 per barrel, in the international market, on Monday and the US crude also rose to $63 per barrel. These rates are the highest, in the last […]
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Washington: The repercussions of the US sanctions can be felt in the political circles of Iran. The opposition and the extremists have started criticising that Iran is in this condition today because of the wrong policies adopted by President Hassan Rouhani and Foreign Minister Javad Zarif. An extremist group in Iran has warned that the […]
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Tehran: The Iranian economy is cornered because of the withdrawal of the European and Asian countries and companies from the trade and crude oil related cooperation, fearing US sanctions. Iran has decided to increase the share of Gold in the economy, to recover the economy, breaking the shackles. The government has ordered starting excavation of […]
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Tehran: The sanctions imposed by the United States against Iran have come into effect from Monday. While the whole world is discussing the impact of the sanctions, the Iranian President has claimed this to be a declaration of war. President Rouhani expressed confidence that his country will face the sanctions with self-esteem. At the same […]
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Paris: The effects of the stringent sanctions imposed by the United States are becoming visible. They have hit the European trade sector, and European companies like Renault, Daimler-Benz, Opel, Citron and Airbus, Total and ENI have also begun to withdraw from the transactions with Iran. The European media have claimed that although some of the […]
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