Iran's first vice president reported that gasoline consumption exceeded production by 80 million liters on the first day of the 12-day war, but the economic situation was effectively managed.
ECONOMY Feed Atom
Iran's deputy industry, mining, and trade minister has sent a comprehensive package of support to industries affected by the Israeli-imposed war, with details to be announced if approved.
The IMF predicts Iran's GDP to reach $1.746 trillion in 2025, a $51 billion increase from 2024, but a slight decline in GDP per capita.
Pakistan’s energy intensity (the amount of energy needed to produce $1 of GDP) was 4.2 megajoules (million joules, MJ) per USD compared to 1.9 MJ/USD in Bangladesh and just 1.7 MJ/USD in Sri Lanka, says the World Bank.
Iran's finance minister confirmed that the country's economy remains stable despite Israeli attacks, with seized goods being redirected into productive use.
Iran’s President Masoud Pezeshkian met separately with the ministers of industry, mining and trade; oil; and agriculture on Monday to discuss ensuring the continuity and efficiency of public service delivery.
India's benchmark indexes fell on Tuesday due to Trump's urging Iranians to evacuate Tehran, escalating fears of a broader regional conflict amid ongoing Israel-Iran hostilities.
Iranian lawmakers on Monday approved Seyed Ali Madani-Zadeh as the country’s new Minister of Finance and Economic Affairs, making him the second person to hold the post in President Masoud Pezeshkian’s administration.
The Economic Cooperation Organization (ECO) condemned the Zionist regime's aggression against the Islamic Republic of Iran in a statement, calling it a clear violation of Iran's sovereignty and territorial integrity.
Iran's Free Zones High Council reported $1.5 million worth of commodities from Chabahar Free Trade Zone in the first two months of the current Iranian calendar year.
The Economic Council's recent approval will simplify upstream oil and gas contract procedures, reducing the time between investor proposals and finalizing agreements at the National Iranian Oil Company.
Iran’s economy grew by 0.9 percent in the first month of the current Iranian calendar year Farvardin (March 21 – April 21), according to a new report from the Iranian Parliament’s Research Center.
The head of the Iran Chamber of Commerce, Industry, Mines and Agriculture and the German ambassador discussed expanding trade relations between the two countries.
The speaker of Iran’s Parliament emphasized the importance of developing strategic relations between Iran and Venezuela, calling for enhanced trade centered on the private sector, the use of non-dollar currencies and leveraging BRICS capabilities.
Tehran Chamber of Commerce and Industries Head Makhmoud Najafi-Arab and Japan External Trade Organization Executive Vice President Maekawa Nobutaka discussed strengthening trade and economic relations between Iran and Japan.
Amid ongoing diplomatic talks between Iran and the United States that are largely expected to end in sanctions lift, foreign companies are exploring opportunities for investment in Iran’s petroleum industry.
The Statistical Center of Iran (SCI) has reported a 3% economic growth for the country in 1403 (ended March 20) when including oil, and 2.1% without it.
Iranian deputy minister of finance and economic affairs said that FATF is expected to take confidence-building steps in reply to Iran's set of measures in the field of combating money laundering and terrorism financing, including the ratification of the Palermo Convention.
Iran's trade with ECO member states reached 36.2 million tons in 1403, worth $27.6 billion, according to the Islamic Republic of Iran Customs Administration (IRICA).
The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.