Long Lines for Gas in Iran Show War and U.S. Blockade Squeezing Supply
The government is struggling to meet a shortfall in fuel and is wary that higher prices at the pump could stir unrest.
Iran Sanctions News
Sanctions and economy reporting on Iran — new designations and relief, oil exports and shipping, banking restrictions, and the effect on the rial and daily prices — collected from independent English-language outlets.
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Iran sanctions reach education: Duolingo blocked, TOEFL and GRE in doubt
Iranian students seeking admission to universities abroad are facing new uncertainty over access to tests such as TOEFL, GRE and Duolingo after Washington suspended a 12-year sanctions authorization covering academic exchanges, admissions services and standardized exams.
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US Testing Giant Suspends TOEFL, GRE Exams In Iran After Sanctions
New posts 10:36 US Testing Giant Suspends TOEFL, GRE Exams In Iran After Sanctions The Educational Testing Service (ETS) has confirmed in a written statement to RFE/RLs Radio Farda that it has suspended the Test of English as a Foreign Language (TOEFL) in Iran in line with the latest US sanctions on the country. The ETS is a US-based nonprofit that designs and runs standardized tests.
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Iran faces heavy economic pressure, even as US struggles for solution
BEIRUT, Lebanon: Six months after US and Israeli forces attacked Iran, killing its Supreme Leader and seriously injuring his son and successor, Iran's government is facing intense economic pressure. Despite the damage, the government remains in control and believes it has enough time to withstand the pressure. For many observers, however, the conflict has so far produced little more than an expensive stalemate.
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UAE central bank to inspect Banque Misr branches after US sanctions
UAE central bank to inspect Banque Misr branches after US sanctions The UAE central bank said Saturday it will inspect Banque Misr’s local branches, after Washington said it would cut off the institution’s operations in the Gulf state from the US financial system as it tries to choke Iran off economically. “For Banque Misr branches in the UAE, the Central Bank has decided to conduct a special and urgent examination that includes a forensic/in-depth lookback covering the period referred to in the statement issued by the US authorities,” it said in a statement.
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EU enters winter panic mode as gas storage hits record low Guardian
Traders are bracing for soaring prices amid the Iran war and energy sanctions on Russia EU gas storage is now at one of the lowest seasonal levels on record, with the shortfall feeding a "winter panic" among traders amid the Iran war and Brussels's continued push to phase out Russian energy, according to The Guardian.
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EU enters 'winter panic' mode as gas storage hits record low - Guardian
Traders are bracing for soaring prices amid the Iran war and energy sanctions on Russia EU gas storage is now at one of the lowest seasonal levels on record, with the shortfall feeding a "winter panic" among traders amid the Iran war and Brussels's continued push to phase out Russian energy, accordi
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Washington’s economic war on Iran starts in Dubai, not Beijing
The Treasury Department’s opener for Operation Economic Outcast, launched Monday to cut Iran’s remaining income, suggests Washington sees Dubai, Istanbul and Baghdad — not Beijing — as the critical channels for Tehran’s money.
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‘Inept, incompetent, craven’: Scott Bessent struggles to clean up the president’s mess
There’s little optimism about treasury secretary’s ability to handle Trump’s tariffs, Iran sanctions and colossal US debt History remembers Gen Dwight Eisenhower , the supreme commander of the allied forces in Europe during the second world war, for his role in the D-day invasion of Normandy. Whether Scott Bessent will achieve similar posterity as the face of the “economic D-day” in Iran remains to be seen. The US treasury secretary, already trying to manage a $40tn national debt pile, this week took charge of Donald Trump ’s effort to reverse-engineer his war of choice.
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Egypt's Banque Misr reviewing US Iran sanctions notice
Egypt's Banque Misr reviewing US Iran sanctions notice Egypt's Banque Misr said it is reviewing a U. S. Treasury notice related to restricting U.
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Iran reports $7.5bn in oil revenues amid US naval blockade
Iran reports $7. 5bn in oil revenues amid US naval blockade Submitted by MEE staff on Sat, 08/29/2026 - 09:50 Fars news says oil revenues nearly met budget projections even as talks with Washington over the blockade remain stalled People shop for produce at the historic Tajrish Bazaar in northern Tehran on 25 August 2026 (AFP) Off Iran transferred $7. 5bn in oil revenue from sales during the first four months of the current Iranian year to the central bank, the semi-official Fars News Agency reported on Saturday, as Tehran said it had continued to meet its budget targets despite a US naval blockade.
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Iran's Pezeshkian admits US sanctions are hurting economy
Iran's Pezeshkian admits US sanctions are hurting economy Iran’s President Masoud Pezeshkian has admitted that US sanctions on his country are hurting its economy, despite just days ago insisting they would achieve nothing. Pezeshkian told state media that foreign trade had shrunk by nearly 35 percent because of US sanctions and a naval blockade of Iranian ports. Iran sold about 90 million barrels of oil during the short-lived Memorandum of Understanding that the US and Iran signed in June, when Washington permitted Iranian oil sales.
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CNG prices will come down after US-Iran situation normalises: BJP spokesperson Shahnawaz Hussain
New Delhi [India], August 29 (ANI): BJP national spokesperson Syed Shahnawaz Hussain on Saturday said that the recent CNG price hike of Rs 3. 89 was due to the ongoing geopolitical tensions between Iran and the US, which have resulted in the closure of the Strait of Hormuz.
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Iranian banks remain open in UAE as US campaign squeezes Dubai trade - FT
Iran’s trade with Dubai is showing growing signs of strain under the war and Washington’s new economic campaign, but sanctioned Iranian banks, flights and some commercial routes continue to operate despite calls for a sweeping cutoff, the Financial Times reported Saturday.
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Ghalibaf says 'no one will be able to sell oil in region where Iran can't'
Ghalibaf says 'no one will be able to sell oil in region where Iran can't' Iran’s parliament speaker Mohammad Bagher Ghalibaf has warned that “no one will be able to sell oil in a region where Tehran cannot”, according to Mehr News Agency. On Friday, Ghalibaf republished on X a message originally dated 22 July, responding to earlier claims by US Central Command (Centcom) commander Admiral Brad Cooper that American forces had achieved full control of the Strait of Hormuz and halted Iran's oil exports. “The equation of this war is clear: either all or none!
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Iran’s missing fuel: Can border smuggling explain it all?
Iran’s large-scale fuel losses appear to go beyond the smuggling cited by officials in Tehran, with evidence pointing to organized diversion within the country’s fuel distribution system.
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Iranian President Says Sanctions Hurting Irans Economy
New posts 16:37 Iranian President Says Sanctions Hurting Irans Economy Despite bravado from various civilian and military officials, Iranian President Masud Pezeshkian has said that sanctions imposed on his country are hurting the economy.
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Hundreds Of Ships Still Stranded In Gulf Waters, UN Agency Says
New posts 02:03 Hundreds Of Ships Still Stranded In Persian Gulf Waters, UN Agency Says The UN shipping safety organization said some 400 ships remain stranded in the Persian Gulf, with many others in the region still exposed to higher-than-usual risks.
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Iran bets on China to blunt Trump’s economic offensive
China’s refusal to bow to US sanctions has raised hopes in Tehran that Beijing could blunt Washington’s new economic offensive, but a debate inside Iran reveals doubts over how far China is willing or able to go on Iran’s behalf.
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Trump announces "biggest oil deal in world history" with Venezuela
Washington DC [US], August 29 (ANI): US President Donald Trump on Friday (local time) announced the 'biggest oil deal in world history' with Venezuela. The landmark agreement with Venezuela will give the US majority control over more than 65 billion barrels of proven crude oil reserves.
991 sanctions stories in the last 90 days.