News : Economy

Politics Overshadow Iran’s Economic Crisis

Rouhani avoids open confrontation with the Supreme Leader

By INU Staff

INU- Despite the shocking headlines that alerted the world to the popular uprising in the Islamic Republic that has been ongoing since last December, Iranians have been experiencing economic hardship for the four decades that followed the 1979 revolution. Once a county with a huge reserve of petrodollars, Iran’s economy began to deteriorate, and its people began to experience economic hardship, political oppression, and overall mismanagement.

Is Iran Regime manipulating exchange rate?

Regime manipulating exchange rate

By INU Staff

INU- An unusual rise in the exchange rate for US dollars and other hard currencies in Iran, has sparked rumours that the Iranian Regime has actually devalued its own currency – the rial – in order to pay its own expenses, like public sector salaries.

Iran truckers’ strike not isolated incident

Iran truckers’ strike not isolated incident

By INU Staff

INU- The latest Iranian truckers’ strike has spread to 290 cities in 31 provinces across the country- with Tabriz, Kerman, Bandar Abbas, Arak, Kazerun, Qazvin, Sari, Ahvaz, and Abhar the latest to join - with striking workers calling for the same demands they made in July and August, during the last strike.

Sanction Defiance Emboldens Tehran, But For How Long?

Sanction Defiance Emboldens Tehran, But For How Long?

By Edward Carney

In a report published on Thursday about the Chinese oil company CEFC, the New York Times reported that in addition to engaging in illegal activities related to the energy trade, a top executive for the company also undertook other illicit projects, including a conspiracy to have CEFC act as an intermediary in sanctions-busting transactions between Iran and foreign businesses.

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