The country is no stranger to its energy industry blowing in the political wind Politics has bedevilled Iran’s energy sector ever since the Iranian Revolution of 1978-9, but even as far back as the premiership of Mohammad Mossadegh in the 1950s. Development of the country’s vast oil, and especially gas, reserves has progressed during periods…
The problem with Iran’s rulers is that they have come to rely on their expansionist foreign policies as the means for covering their internal failures. Imaginary victories. An Iranian woman walks by a mural on the wall of the former US embassy in Tehran. (AFP) In a speech three days before the second package of…
Mehdi Kasraeipour, the Central Bank of Iran’s director of foreign exchange rules and policies, said the move is unlikely to meet with resistance. Iran has banned the use of the U.S. dollar in all trade transactions, prohibiting businesses from registering import orders using the currency. The Ministry of Industries, Mining and Trademade the announcement Wednesday, following an official request by the Central…
The debate taking place behind closed doors in Tehran seems to have spilled out onto the streets: whether to save the money for the stagnant economy at home The protest wave began, according to Iranian sources, in the city of Mashad, and was originally organized by hard-line clerics – rivals of President Hassan Rohani who…