Insider news & Analysis in Iran

By INU Staff 

INU - On Monday, Bloomberg reported that global oil prices had hit a three month low, in part because of increased production by the Islamic Republic of Iran. Brent futures dropped by as much as 1.4 percent, according to the report. And this comes at a time when the global oil market is still struggling to recover from a precipitous drop last year, which caused prices to bottom out at about half of their previous figures.

In his November 13 article for Bloomberg, Sam Wilken wrote about the boost in oil output at three western fields in Iran.  Rival OPEC producer, Saudi Arabia, called for a measures such as a collective output cut, later this month, to help rebalance the market.

By INU Staff 

INU -The National Council of Resistance of Iran (NCRI) reports on November 2, that the Revolutionary Guards (IRGC) called Iran’s unemployment crisis a security threat,following a recent statement by President Rouhani saying that the biggest problem of the regime is their inability to cope with the huge wave of unemployment.

The IRGChas established organizations in different provinces to deal with the issue of unemployment.

By INU Staff 

INU - On Tuesday, Hellenic Shipping News reported that a Dutch firm was in talks with prospective Iranian partners over a project to upgrade and develop floating oil terminals in the Persian Gulf. The report was indicative of the ongoing push by some Western entities to engage with and invest in the Islamic Republic, in spite of lingering obstacles and Iran’s persistent anti-Western activities and rhetoric. But perhaps the more significant aspect of that report was relevant not to Iranian-Western relations but to Iranian-Arab relations.

By INU Staff

INU - An article published on October 25, by United Against Nuclear Iran, talks about the first Iran Investment Summit held in Singapore. This opportunity for investors faces criticism from leading former diplomats and lawmakers, who warn that, “Business risks abound in Iran, a country where corruption is rampant and a sanctioned terrorist organization--the Islamic Revolutionary Guard Corps (IRGC)--wields enormous economic power over the very sectors being shopped at the summit: oil and gas, petrochemicals, and infrastructure.”

By INU Staff

INU - On Wednesday, Trend News Agency reported that Finnish President Sauli Miinisto had signed four memoranda of understanding with Iranian President Hassan Rouhani while on a two-day trip to Tehran at the head of major trade delegation. The report is the latest in a series of signs that economic contacts between Iran and the West are continuing to expand, even as Iran continues to engage in provocative actions toward the US and Europe, including through the arrests and convictions of dual nationals.

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