Business

Tehran Bazaar Traders Say War-Driven Prices are Cutting Sales

Shoppers have largely deserted Tajrish Bazaar in northern Tehran, where traders say higher prices since the war began have sharply cut demand, according to Agence France-Presse.

U.S. Sanctions 17 More Vessels in Iranian Oil Network and Delists Two

The US Treasury has sanctioned 17 vessels and their owners it says carried Iranian oil to Asia, while the State Department announced separate designations on the same day.

Hormuz Insurance Premiums Soar as War Closes Key Shipping Route

War risk insurance costs for ships using the Strait of Hormuz have risen sharply since Iran said it had closed the waterway following US and Israeli strikes, according to Reuters, Al Jazeera and other outlets.

Tajikistan Turns to Iran for Fuel as Russian Supplies Falter

Tajikistan has asked Iran for oil and fuel as Ukrainian strikes on refineries disrupt Russian supplies to Central Asia, though analysts question how long any opening for Iranian exports would last.

Tajikistan Turns to Iran for Fuel as Russian Supplies Falter

Tajikistan has begun receiving Iranian oil and fuel after Ukrainian drone strikes on refineries reduced Russian exports to Central Asia, according to several outlets.

Oil Prices Fall to One-Week Low as Iran-U.S. Tensions Ease

Oil prices declined sharply on Monday, reaching their lowest levels in more than a week after concerns over an immediate escalation between Iran and...

Iranian Simorgh Aircraft Advances Toward Commercial Certification

Iran's domestically developed Iranian Simorgh aircraft has entered the final certification process. The milestone moves the cargo aircraft closer to commercial operations. Officials expect...

Iranian VP Mohammad Reza Aref Says Iran Seeks Dialogue While Expanding Industrial Development

Iran's First Vice President Mohammad Reza Aref reaffirmed the country's commitment to dialogue while warning that Iran would respond firmly to any security threat....

Iranian Waters See More Commercial Traffic With Eight Ships Crossing Strait of Hormuz

Eight commercial vessels crossed the Strait of Hormuz on Sunday, marking a gradual increase in maritime activity through one of the world’s most important...

Oil Prices Decline as Iran-U.S. Military Pause Eases Market Fears

Global oil prices dropped sharply on Monday after the Iran-U.S. military pause reduced concerns about further escalation and possible disruptions to energy supplies. The...

Iran Launches First Geothermal Power Plant at Sabalan to Boost Renewable Energy

Iran officially launched its first geothermal power plant on Thursday, marking a major step in its renewable energy strategy. The 5-megawatt facility near Meshginshahr...