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ECONOMY

Iran eliminates gasoline imbalance, saves $12bn thanks to US blockade, says President Pezeshkian

Pezeshkian says that all revenues from fuel price adjustments would be returned to the people.

President Masoud Pezeshkian addresses his Cabinet in a meeting on October 18, 2026. (Photo: Iranian

ECONOMY

Iran’s crude oil production surges past 3.7 million bpd

Massive investments in shared fields and infrastructure accelerate output growth as Washington's maximum pressure tactics collapse.

Iranian workers are pictured aboard an offshore oil rig in the Persian Gulf. (File photo)

ECONOMY

Iran’s clean power output hits record as renewable capacity tops 6,000 MW

Summer peak output reaches record levels as Washington's threats to bomb power grids accelerate Tehran's push for distributed, resilient energy networks.

A solar power farm in Iran. (File photo)

ENERGY

Iran will secure its interests via diplomacy or on battlefield: AEOI spokesman

Kamalvandi says Iran will seek to defend its national interests through negotiations or confrontation, while criticizing the IAEA over politically motivated decisions.

Iran

POLITICS

Former minister rejects Trump claim, says Iran's oil production, exports continue

Paknejad rejected Trump’s claim that he resigned because Iran had “no economy” and “no oil,” saying Iranian oil production and exports continued despite sanctions.

Former Iranian Oil Minister Mohsen Paknejad

ENERGY

Iran restores half of damaged South Pars production capacity

Iran has restored around half of the natural gas production capacity damaged at the South Pars field following US-Israeli attacks.

Iran

ENERGY

Iran’s energy rebuild sparks unprecedented industrial shift

Iran’s energy reconstruction is drawing domestic technology companies deeper into the oil and gas industry, turning wartime damage into a test of the country’s industrial capabilities.