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.

Iran and Iraq Sign Four Cooperation Agreements to Strengthen Trade and Regional Connectivity

Iran and Iraq signed four cooperation agreements in Tehran on Thursday, expanding bilateral collaboration across transportation, infrastructure, education, and public administration. The agreements highlighted...

Iranian Rial Hits Historic Low as Gold Prices Skyrocket Amid Regional Uncertainty

The Iranian rial hit historical lows against major international currencies following intense geopolitical escalation across the region. Financial markets in Tehran reacted instantly to...

Iran’s Rial Nears Record Low as Oil Prices Surge Amid U.S. Military Escalation

Iran Rial Decline accelerated as military tensions between Iran and the United States continued affecting regional financial and energy markets. Meanwhile, rising security concerns...

Iran Oil Exports Continue Despite U.S. Decision to End Temporary Sanctions Waiver

Iran oil exports continue despite Washington's decision to revoke a temporary sanctions waiver, according to Iranian Oil Minister Mohsen Paknejad. His remarks signaled Tehran's...

Iran and Russia Advance Major Energy Partnership to Expand Gas Cooperation and Regional Trade

Russian Energy Minister Sergey Tsivilyov recently visited Tehran to negotiate a major strategic energy partnership with Iran. The high-level talks highlight a potential shift...

Oil Prices Rise and Gulf Equities Fall Amid Iran U.S. Security Crisis

The onset of the trading week in Europe and the United States brought severe regional market instability to global financial centers. This volatility followed...