Live Demo Agent Trial
Live Demo Agent Trial Log In Sign Up
News Wire / economy

Iranian Crude Oil Stocks Reach 155 Million Barrels

Mastodon Tehran 20d14d Impact 8

Inflation in Iran has climbed to 3.3% as ongoing conflict in the region drives significant hikes in fuel prices. This surge follows a pre-existing inflation rate that exceeded 60% prior to the war. The near-total internet blackout in Iran has reached its 60th day, according to the NetBlocks observatory. This follows reports from Donald Trump on social media claiming Iran has declared itself a collapsing state. Trump also stated that Iran requested Washington open the Strait of Hormuz as soon as possible. Annual inflation in Iran reached 72 percent in March, according to reports. The United Nations Development Programme warned that war could push four million more people into poverty. Increasing unemployment is also placing pressure on the social security system. A major e-commerce firm has reportedly begun layoffs, which may be exacerbated by internet restrictions.

Inflation in Iran has climbed to 3.3% as ongoing conflict in the region drives significant hikes in fuel prices. This surge follows a pre-existing inflation rate that exceeded 60% prior to the war. The near-total internet blackout in Iran has reached its 60th day, according to the NetBlocks observatory. This follows reports from Donald Trump on social media claiming Iran has declared itself a collapsing state. Trump also stated that Iran requested Washington open the Strait of Hormuz as soon as possible. Annual inflation in Iran reached 72 percent in March, according to reports. The United Nations Development Programme warned that war could push four million more people into poverty. Increasing unemployment is also placing pressure on the social security system. A major e-commerce firm has reportedly begun layoffs, which may be exacerbated by internet restrictions. The report notes that widespread access to the global internet in Iran has been restricted since February 28. Satellite imagery shows a buildup of tens of millions of oil barrels, indicating the effectiveness of US sanctions in preventing crude oil from reaching consumers. Tehran may be forced to halt production if storage capacities are exceeded.

Topics

inflation fuel prices Iran

Developing

  1. 862d Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore.
  2. 862d Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
  3. 862d Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est.
  4. 862d Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium.

Sources · 7 independent

Mastodon

“Inflation rises to 3.3% as Iran war drives fuel price hikes”

Iran International

“The Central Bank announced that the inflation rate has risen to 68 percent... The head of the Iranian Chamber of Commerce also noted price increases in the bread and grain sectors.”

RFE/RL Radio Farda

“Inflation rate in the ten-month period ending April 1405 compared to the ten-month period ending April 1404 is more than 50 percent.”

RFE/RL Radio Farda

“Inflation rate in the ten-month period of Farvardin 1405 compared to the ten-month period of Farvardin 1404 is more than 50 percent.”

RFE/RL Radio Farda

“Iran announced that the inflation rate in the twelve-month period ending in Farvardin 1405 compared to the twelve-month period ending in Farvardin 1404 is more than 50 percent.”

RFE/RL Radio Farda

“از سروی دیگر هزبولا هلوبنان گکشنبه اعلام کرد که حملات این گروه به نیروهای اسرائیلی در جنوب الوبنان و شمال اسرائیل واق ایران ایلام کرد نرخ تبروم در دواز دهماه منتحی به فروردی ماه 1405 نسبت به دواز دهماه منتحی به فروردی ماه 1404 بیش از 50 درست روش داشتاست.”

RFE/RL Radio Farda

“This shows that inflation in Iran is not only widespread but also covers almost all consumer sectors, causing a sharp decrease in household purchasing power.”

RFE/RL Radio Farda

“اقتصاد ایران در بحار 1405 در شره یتی این عدد به این مناست که سته امومی قیمتان نسبت به فروردین ساله گزشته بطور میانگین 67 درست افسهی شیاف دارد.”

RFE/RL Radio Farda

“این عدد به این مناسب که سته امومی قیمتان نسبت به فروردین ساله گزشته بطور میانگین 67 درست افسهی شیاف دست.”

BFM Radio

“blocage perdure, l'inflation pourrait atteindre 70% en Iran et même jusqu'à 120%”

BFM Radio

“iranien continuent, c'est 70% d'inflation et peut-être même 120% si les combats...”

Sky News Arabia Radio

“the inflation rate exceeds 70% according to IMF estimates, while the minimum wage does not exceed one hundred and eight dollars.”

NTV Radyo

“İran'ın önde gelen ekonomi gazeteleri, bir anlaşmaya varılması durumunda, yıllık enflasyonun en iyi imser senaryoda bile %49'a yükselebileceğini öngörüyor.”

CBC Radio One

“Everything is much more expensive now. Food inflation in Iran is among the highest globally. Cooking oil is up 40%. Rice has nearly doubled.”

RFE/RL Radio Farda

“In the health and medical sector, prices have reached about 16 percent. In the household goods sector, it is 13 percent, and restaurant and hotel services are 11.5 percent more expensive.”

Iran International

“به نرخ دولتی دلار امریکا به بالاترین سطح تاریخ خود رسید. در بازار آزاد به وجود کم بودن معاملات، معاملات نرخ دلار امریکا با افزایش بیش از ۵,۰۰۰ تومان نسبت به دیروز به محدوده ۱۶۴,۰۰۰ تومان رسید.”

Iran International

“In the free market, due to the scarcity of transactions, US dollar exchange rates increased by more than 5,000 toman compared to the previous day, reaching the range of 164,000 toman.”

Radio Farda

“نرخ تورم نقطه به نقطه در فروردین ۱۴۰۵ به ۶۵ درصد رسید. این عدد به این معناست که ستۀ عمومی قیمت‌ها نسبت به فروردین سال گذشته به‌طور میانگین ۶۵ درصد افزایش یافته است.”

Al Jazeera Arabic

“the most important issue is the nuclear weapons issue, which President Trump says Iran is working on, and for this purpose, it has been able to enrich uranium to a high level of purity, up to 60 percent.”

Unlock the full story

Get a Pro subscription or above to see the live story progression and the full list of independent sources confirming each event as they happen.

Log in to upgrade