Nearly one million people dropped off Iran’s social security contribution rolls over the past year, a labor expert told ILNA, pointing to a sharp contraction in formal employment that he said is not reflected in the country’s official unemployment rate.
Ending the Iran war could expose the Islamic Republic to one of its greatest vulnerabilities, experts say, as Tehran confronts a battered post-war economy that may strain its ability to finance the institutions underpinning its rule.
Petty thefts of basic food items are becoming a symbol of Iran's economic hardship, according to a newspaper investigation published on Wednesday that linked supermarket shoplifting to inflation and shrinking purchasing power.
In Iran, the authorities call it a scheduled outage. The electricity will be disconnected for two hours. The water may return later in the evening. Families are instructed to adjust their lives to temporary emergencies. But there is no pause button for daily life.
An Iranian state-owned bank has frozen accounts belonging to the National Iranian Oil Company over outstanding debt obligations, the IRGC-affiliated Fars news agency reported on Wednesday.
The latest figures released by the Statistical Center of Iran offer the starkest assessment yet of the country's economy, as record inflation intensifies debate over whether the war or government mismanagement is primarily to blame.
Iran is exploring using two of Pakistan’s ports to keep trade moving amid the US blockade of its own ports, a senior Iranian official said on Tuesday.
Saudi Aramco is routing crude around the Strait of Hormuz via its East-West pipeline as the Iran-related crisis has cut shipping through the strait to a tenth of pre-conflict levels, Chief Executive Amin Nasser said on Tuesday.
A month-long banking outage helped Iran’s Central Bank claim inflation had nearly halved, even as prices stood 84 percent higher than a year earlier and food costs continued to rise sharply.
Iranian households are increasingly selling personal belongings ranging from natural hair to empty perfume bottles and renting out or borrowing basic work tools such as laptops, reflecting deepening economic hardship, the semi-official ILNA news agency reported on Sunday.
A social media exchange about steak struck a chord among Iranian users this week, turning one young user's dream into a broader conversation about economic hardship and political frustration.
A growing number of Iranians are financing healthcare with debt as medical costs rise beyond household incomes, a new Eghtesad Online report found, while authorities prioritize medical preparations for the Shiite pilgrimage, Arbaeen.
A widening scandal over the secret network used to move Iran's oil revenues around international sanctions has triggered growing criticism after senior officials acknowledged that intermediaries misappropriated at least $1.6 billion, with some fleeing the country.
UNESCO added Iran's Alamut Castle and related fortifications to its World Heritage List on Sunday, making it the country's 30th tangible cultural heritage site to receive the designation.
Consumer prices in Iran are nearly 89 percent higher than a year ago, as the country compresses into weeks the kind of inflation shock Americans experienced over all of 2022.
Nearly half of Iranian internet users said they were angered by the country's recent internet shutdown during the conflict with the US, while most opposed unrestricted internet access for government officials, according to a survey commissioned by the communications ministry.
Iran's closure of the Strait of Hormuz appears to have dealt far greater damage to its own trade with China than to Beijing's commerce with the rest of the Persian Gulf, according to newly released Chinese customs data.
Russia’s turn to imported gasoline after Ukrainian attacks damaged its refineries is adding demand to a tight Asian fuel market, creating a potential new complication for Iran as it struggles to cover a daily shortfall of about 30 million liters.
Iranian workers who have gone months without pay may have only two months of financial resilience left without government intervention, a labor representative warned on Thursday, as wage arrears mount following conflict between the United States and the Islamic Republic.
Iran's leading economists warned Monday that renewed conflict with the United States risks pushing the country's long-festering economic problems into a more dangerous phase, arguing that inflation is becoming increasingly difficult to contain.
Iranian officials are discussing a possible increase in petrol prices, although no proposal has yet been formally presented to parliament, the spokesman for parliament’s Energy Committee said.
The US dollar reached a record 1,918,000 rials on Iran’s open market Friday, surpassing its previous high as war, inflation and worsening economic prospects continued to weaken the currency.