Economy &amp; Sanctions

Bipartisan Proposal in the House of Representatives; Goal: Sanctioning Iran's Missile and Drone Programs

A bipartisan group in the U.S. House of Representatives has proposed new sanctions targeting Iran's missile and drone programs ahead of the expiration of UN…

VOA Persian May 9, 2023

Pakistan Oil Sellers Union: More Fuel is Smuggled from Iran

The Pakistan Oil Sellers Union reports that 35% of diesel sold in Pakistan is smuggled from Iran, with smuggling now spreading beyond Balochistan. The Pakistani…

VOA Persian May 7, 2023

Iran has transferred seized oil tankers to 'South Bandar Abbas'

Iran has seized two oil tankers, one flagged by the Marshall Islands and the other by Panama, amid rising maritime tensions with the U.S. The…

VOA Persian May 7, 2023

Average Employee Loans in Some Iranian Banks Reached 847 Million Tomans

The average loan for bank employees in Iran has reached 847 million tomans, with significant amounts allocated to employees of various banks. This situation has…

VOA Persian May 6, 2023

Continued Currency Transfer Challenges; Iraqi Central Bank Cannot Transfer Dollars to Iran

The Iraqi Central Bank has stated it cannot transfer dollars to Iran, complicating Iran's efforts to collect over $11 billion in claims from Iraq for…

VOA Persian May 5, 2023

71 Arrested for 'Major Currency Disruption' in Iran; Ahmad Alavi: It's Just a Facade

Iran's Ministry of Intelligence has arrested 71 individuals for alleged major currency disruption amid rising dollar prices, which have reached 55,000 tomans. Economic experts criticize…

Global Drug Market Suppression Operation in the Dark Web; 300 Arrested

A major international crackdown on a dark web drug market led to the arrest of nearly 300 individuals and the seizure of over $53 million.…

Meat and Chicken Procurement through 'Barter Trade'; An Economist: Iran's Economy is 'Mafia-like'

A report reveals that many Iranians are resorting to barter trade to obtain meat and chicken due to economic hardship, as the purchasing power of…

Exclusive; White House: Iran Must Immediately Release Seized Oil Tanker

The U.S. has condemned Iran's recent seizure of an oil tanker in the Persian Gulf, demanding its immediate release. This incident marks the second tanker…

New Economic Sanctions by Canada Against the Islamic Republic

Canada has announced new sanctions against Iran, targeting one entity and nine individuals, including members of the morality police involved in the arrest of Mahsa…

IRGC Seizes Oil Tanker in Persian Gulf

The IRGC has seized a Panama-flagged oil tanker in the Persian Gulf, marking the second such incident in a week. This escalation comes amid heightened…

VOA Persian May 2, 2023

Teacher's Day in Iran; Teachers and Concerns of Building Amid Inflation, Burning in Discrimination

As Iran approaches Teacher's Day, teachers face numerous challenges, including low salaries, delayed payments, and fears of unemployment due to a new employment test. Protests…

VOA Persian May 2, 2023

Turkmenistan's Gas Exports to Pakistan; The 'Gas Dream' of Iran in Ruins

Pakistan has started importing gas from Turkmenistan via Afghanistan, effectively sidelining Iran's long-held ambitions to export gas to Pakistan and India. This shift comes after…

VOA Persian May 1, 2023

Research Report: 'Cheap Oil' is the Reason for China's Support of the Iranian Government

A research report reveals that Iran's economic crisis has led to increased dependence on illegal oil sales to China, which now constitutes about 70% of…

VOA Persian May 1, 2023

A Group of U.S. Lawmakers Introduced a Bill to Make Iran Sanctions Permanent

A bipartisan group of U.S. lawmakers has introduced a bill to make sanctions against Iran permanent, aiming to curb its nuclear ambitions. Key sponsors include…

VOA Persian May 1, 2023

After 15 Years; Former Commander of the IRGC's Largest Economic Enterprise Returns to the Same Position

Abdolreza Abad has been appointed as the new commander of the Khatam al-Anbia Construction Headquarters, replacing Seyyed Hossein Hooshalsadat. This headquarters is the largest contractor…

VOA Persian Apr 30, 2023

Senior U.S. State Department Official Visits the Middle East to Discuss Economic and Security Cooperation

Barbara Leaf from the U.S. State Department is visiting Iraq and Jordan to discuss economic and security cooperation amidst rising tensions with Iran. This visit…

VOA Persian Apr 29, 2023

U.S. Seizes Iranian Oil Shipment Amid Rising Tensions

The U.S. has seized an Iranian oil shipment from the tanker 'Suez Rajan' as part of intensified sanctions, leading to a retaliatory seizure of the…

A Group of Republican and Democratic Senators Calls for the Seizure of Iran's Confiscated Oil

A bipartisan group of 12 U.S. senators has urged President Biden to allow the seizure of Iranian oil and gas shipments that have been confiscated.…

The U.S. Sanctions IRGC Intelligence Organization and Four of Its Commanders

The U.S. has imposed sanctions on the IRGC Intelligence Organization and four of its commanders due to their involvement in the wrongful detention of American…

Iran's Navy Seizes Oil Tanker in International Waters of the Sea of Oman

The Iranian Navy seized an oil tanker flying the Marshall Islands flag in the Sea of Oman after it reportedly collided with an Iranian vessel.…

IRGC Seizes Marshall Islands-Flagged Oil Tanker

The IRGC seized a Marshall Islands-flagged oil tanker in the Sea of Oman, prompting a response from the U.S. Navy's Fifth Fleet, which condemned the…

Radio Farda Apr 9, 2019

Standard Chartered Bank Fined $1 Billion for Violating Iran Sanctions

Standard Chartered Bank has been fined $1.06 billion for violating U.S. sanctions, particularly related to Iran, with most violations occurring before 2012. The bank's CEO…

Radio Farda Apr 2, 2019