IIF’s pessimistic scenario forecasts dire results for the Middle East if a regional war breaks out

Ben Aris in Berlin February 16, 2024

The recent escalation in hostilities in the Middle East between Israel and Hamas has heightened the risk of a wider and prolonged conflict that would significantly impact the global economy and have dire consequences for the Middle East.

US 'hijacking' Venezuelan aeroplane, Iran says

bne correspondent in Tehran & Beunos Aires February 13, 2024

Iranian foreign ministry spokesman Nasser Kanaani said the United States' "unjust seizure" of the Venezuelan plane is illegal and violates the basic principles of the UN Charter and International law

Iranian government targets cryptominers amid bitcoin rally

bne correspondent in Tehran February 13, 2024

Iran Power Generation, Transmission, and Distribution Company (Tavanir) is set to launch a new initiative to tackle unauthorised cryptomining amid the surge in cryptocurrency values and foreign exchange rates.

Digikala, Iran's Amazon, charged with selling products containing offensive images

bne IntelliNews February 9, 2024

Tehran General and Revolutionary Courts have charged Digikala, Iran’s biggest online shop, for selling products with offensive images offered on the website,

Iraqi militia warns US of consequences after late night air strike in Baghdad

bne correspondent in Tehran February 8, 2024

Iraqi militia group Kata’ib Hezbollah on February 8 said the United States and other coalition forces in the region will be responsible for the consequences of the killing of two leaders of the group

Iran developing new nuclear reactor in Isfahan

Newsbase syndicate in Tehran February 7, 2024

Iran has begun building a fourth nuclear research reactor in the central city of Isfahan, days after it broke ground on a mega nuclear power plant (NPP) in the southern Hormozgan province.

Iraq shuts down Iranian banks across country in sign of growing tension

bne correspondent in Tehran February 7, 2024

The Central Bank of Iraq has revoked the licenses of Bank Melli branches in Iraq, citing the bank's unprofitability.

Expert warns Houthis’ Red Sea attacks could be precursor to more regional instability

bne IntelliNews February 7, 2024

ECFR’s Africa director says Houthi attacks on shipping are a “fundamental shift” in the security threat in the region.

Iranian diplomat dies in Moscow

bne IntelIiNews February 5, 2024

An Iranian diplomat at the embassy in Moscow allegedly died in a fitness club on February 4

Iran's rial gains after bruising fortnight of losses

bne IntelliNews February 4, 2024

Foreign exchange rates in Tehran have finally begun to ease after a two-week period of sharp increases, with the US dollar slipping by 1.4% and being traded at 551,500 in the Tehran open market.

Shi’ite militias in Iraq report 16 deaths in US Air Force attacks

bne IntelliNews February 4, 2024

The US and Israel have increased targeting of key allies of Iran in Syria and Iraq over the western weekend in response to attacks on US service personnel on the Syrian-Jordanian border.

Can Iran's Central Bank rescue the plummeting Rial?

bne correspondent in Tehran January 30, 2024

The Iranian rial has been successively recording drops since a few weeks ago, following the escalation of tensions in the region. This has raised concerns among market observers over another likely downfall in the upcoming days.

Israel bombs Damascus, killing Iranian military officers

bne IntelIiNews January 29, 2024

Six people, including Iranian military, were killed on Monday in an Israeli bombing that targeted their headquarters in the Sayyida Zeinab area near Damascus.

Large fire rips through major hospital complex in Tehran

bne correspondent in Tehran January 25, 2024

A large fire outbreak at Gandhi Hospital in Tehran has prompted an emergency response, with fire services and emergency personnel deployed to the scene.

OUTLOOK 2024 Iran

bne IntelliNews January 25, 2024

Iran's economy is expected to grow by 3.5% in 2024, according to the IMF. This growth will be driven by a rebound in oil production and exports, as well as increased government spending.

Iraqi airline Fly Baghdad condemns US sanctions, plans legal action

bne IntelIiNews January 23, 2024

Iraqi airline Fly Baghdad has denounced Iran-linked sanctions imposed by the United States on the company and its CEO, claiming that the measures lack any substantial or moral evidence.

Is Iran really in control of its so-called ‘Axis of Resistance’?

bne IntelIiNews January 22, 2024

Recognising these groups as independent actors with their agendas, albeit supported by Iran, is essential for a more accurate and practical approach to the region's complex conflicts.

Iranian-backed militants fired ballistic missiles for the first time in two years at a US base in Iraq

bne IntelliNews January 21, 2024

Iranian-backed militants fired ballistic missiles at a US base in Iraq on January 20 for the first time in two years, causing minor injuries to US personnel, but marking a significant escalation in rising tensions in the region.

Iran and Pakistan mend fences after 72-hour border tensions

bne IntelliNews January 21, 2024

The international community expressed grave concern amid temporary escalations between Iran and Pakistan.

Oil shipments from Saudi Arabia and Iraq to Europe delayed amid Red Sea tensions

bne IntelliNews January 20, 2024

Oil shipments from Saudi Arabia and Iraq to Europe, totalling nearly nine million barrels, are facing delays as tankers are forced to reroute due to escalating tensions in the Red Sea