News : Economy

By INU Staff

INU - Iraq has significantly reduced its imports from the Iranian Regime in the past month, according to an economic-focused newspaper published in Tehran.

The report notes that part of the downfall in Iraq’s Iranian imports stems from general bans on a whole host of products, but part of it is due to targeted bans on Iranian imports.

By INU Staff

INU - Iran’s economy is set to contract by 6% in 2019, while also facing 40% inflation, according to the International Monetary Fund’s April 2019  Regional Economic Outlook for the Middle East and Central Asia. This follows a 3.9% contraction of the Iranian economy in 2018.

By INU Staff

INU - The International Monetary Fund (IMF) has reported that the U.S. sanctions on the Iranian regime are starting to have an impact on the region. It has stated that an estimated 1.7% contraction related to the output of goods and services for non-Gulf Cooperation Council (GCC) oil exporters is due to the economic situation in Iran.

By Edward Carney

The US State Department released a fact sheet on Thursday detailing the effects of economic sanctions in the several months since they began being re-imposed and expanded by the White House. Last May, President Donald Trump withdrew the United States from the seven-party nuclear deal that brought about the suspension of those sanctions.

By Edward Carney

The US government kept up its progress this week toward exerting “maximum pressure” on the Islamic Republic over its nuclear ambitions, regional imperialism, and other “malign activities.” The broader focus of US policy toward Iran was underscored by Monday’s announcement of new sanctions on more than two dozen individuals and groups with ties to the Iranian Revolutionary Guard Corps.

By INU Staff

INU- In both Nowruz (Iranian New Year) message and his speech in Mashhad, with numerous contradictions about the crises surrounding his regime, Khamenei displayed a new level of confusion and incapability.