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Economy & Environment

'Worse every day': Iranians detail surging food prices in wake of sanctions

'Worse every day': Iranians detail surging food prices in wake of sanctions

People in Iran face skyrocketing prices for food and everyday goods, according to text and multimedia submissions sent to Iran International, as the return of UN sanctions slams the economy and deepens anxiety.

Iran's oil minister says new field discovery could ease energy crunch

Iran's oil minister says new field discovery could ease energy crunch

Iran’s oil minister announced the discovery of a new oil and gas field in the country's south on Monday, saying it could help ease the country’s growing energy shortages wrought by sanctions and aging infrastructure.

Iran resumes wheat imports from Caspian nations after three-year halt - Tasnim

Iran has resumed wheat imports from Caspian Sea countries for the first time in three years, with the arrival of an initial shipment at Amirabad port in northern Mazandaran province, the semi-official Tasnim news agency reported on Monday.

Northern Iran’s wetlands face collapse as migratory birds disappear

Northern Iran’s once-thriving wetlands are facing severe ecological collapse, with environmental officials warning of an imminent disaster after the absence of hundreds of thousands of migratory birds this autumn, Tasnim reported on Monday.

China uses secret network to pay Iran for oil - WSJ

China uses secret network to pay Iran for oil - WSJ

China is secretly funneling billions of dollars to Iran through a covert payment system that bypasses US sanctions by swapping oil for infrastructure projects, The Wall Street Journal reported, saying the hidden conduit enabled Tehran to receive up to $8.4 billion last year.

Iran adds 11 aircraft to civil aviation fleet - IRGC media

Iran adds 11 aircraft to civil aviation fleet - IRGC media

Iran has added 11 new aircraft to its civilian fleet as part of an ongoing effort to expand domestic air transport capacity, IRGC media reported on Sunday, citing the head of the Civil Aviation Organization.

19 major dams near drying as Iran faces severe water shortage

19 major dams near drying as Iran faces severe water shortage

Nineteen of Iran’s major dams are on the verge of drying up and three have completely run out of water, state media reported, citing data from the Iran Water Resources Management Company.

Dozens of Caspian seals found dead on Iran’s northern coast

Dozens of Caspian seals found dead on Iran’s northern coast

The deaths of dozens of Caspian seals along Iran’s northern coast have renewed concern over the fragile state of the Caspian Sea ecosystem, state media reported.

Iran’s parliament approves plan to remove four zeros from national currency

Iran’s parliament approves plan to remove four zeros from national currency

Iran’s parliament on Sunday approved a long-debated plan to remove four zeros from the national currency, the rial, in a bid to simplify financial transactions and improve the efficiency of banknotes.

Iran says upgraded communication satellite ready for December launch

Iran says upgraded communication satellite ready for December launch

Iran’s upgraded Do-Namay 1 satellite, described as the country’s first hybrid remote-sensing and communications satellite, is ready for launch and expected to be placed in orbit in December, a senior aerospace official said.

Tehran pins hopes on Russia and China to blunt sanctions impact

Tehran pins hopes on Russia and China to blunt sanctions impact

With Russia’s UN Security Council presidency and China’s economic leverage, Tehran is betting Moscow and Beijing can shield it from the impact of UN sanctions through legal maneuvers, committee vetoes, and strategic investments.

Tehran infighting over sanctions persists as Iranians lament ‘empty tables’

Tehran infighting over sanctions persists as Iranians lament ‘empty tables’

As Iran’s factions bicker over whether returning UN sanctions are calamitous or mere “psychological” warfare, ordinary people stare into an economic abyss.

Bus crash in northern Iran kills at least four, injures 20

Bus crash in northern Iran kills at least four, injures 20

At least four people were killed and about 20 injured when a passenger bus plunged into a valley on the Damavand–Firouzkouh road in the Alborz mountains northeast of Tehran, Red Crescent chief Shahin Fathi said on Friday, according to Iranian media.

It's the economy, donkey!

It's the economy, donkey!

With Iran's rial hitting fresh depths daily amid new international sanctions, it's helpful to remember how the Islamic Republic's founder viewed the economy. The late theocrat famously said it's for the donkeys.

Iran's rial dips to 1.18 million per dollar following UN sanctions snapback

Iran's rial dips to 1.18 million per dollar following UN sanctions snapback

Iran’s rial weakened on Thursday to about 1,180,000 per US dollar on Tehran’s unofficial market, roughly a week after the United Nations reimposed snapback sanctions, as President Masoud Pezeshkian urged cost-cutting and efficiency to shield households.

Iran agrees to conditionally join UN convention against terror financing

Iran agrees to conditionally join UN convention against terror financing

Iran’s Expediency Council has agreed to conditionally join a United Nations convention aimed at preventing and criminalizing the financing of terrorism, the body’s spokesperson said on Wednesday.

Tehran faces worsening water shortage, official says

Tehran faces worsening water shortage, official says

Tehran is facing an escalating water crisis as dammed reservoirs drop to critical lows, a senior sanitation official said, with rainfall and dam inflows reduced by nearly half leaving most of the capital’s reservoirs nearly depleted.

Tehran dam runs dry, Lake Urmia collapse displaces residents

Tehran dam runs dry, Lake Urmia collapse displaces residents

Iran’s deepening water emergency is straining both cities and rural communities, with one of Tehran’s key reservoirs taken offline and the once-vast Lake Urmia reduced to a salt desert, forcing migration and sparking deadly disputes over dwindling supplies.

Iran faces 4–6 month delays in allocating foreign currency for drug imports

Iran faces 4–6 month delays in allocating foreign currency for drug imports

Iran’s pharmaceutical sector is facing delays of four to six months in the allocation of foreign currency for importing raw materials, industry officials said, warning the hold-ups risk disrupting the drug supply chain.

Iran warns of harsh penalties for illegal poppy cultivation

Iran warns of harsh penalties for illegal poppy cultivation

Iran’s anti-narcotics authority warned on Monday that poppy cultivation would face severe punishment, including fines, prison and land confiscation for repeat offenders.

EU revives bans on Iran’s oil, banking and transport sectors after UN snapback

EU revives bans on Iran’s oil, banking and transport sectors after UN snapback

The European Union on Monday reimposed sweeping sanctions on Iran’s nuclear and ballistic programs after the return of United Nations restrictions under the snapback mechanism, reinstating bans on trade, finance, transport and energy first lifted in 2015.

Canada bans Iranian pistachio imports over salmonella risk

Canada bans Iranian pistachio imports over salmonella risk

Canada’s food safety watchdog has temporarily banned imports of pistachios and pistachio products from Iran after more than 100 confirmed salmonella cases and several recalls linked to contaminated shipments.