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.

Strategic Partnerships Deepen as Iran and Tajikistan Evaluate Potential for Growth in Agribusiness

The Iranian commercial attaché in Dushanbe announced an extensive evaluation of mutual economic opportunities within the agrarian sector. Mohammad Ali Amirfakhrian recently detailed a...

Global Energy Prices Surge as Iran-U.S. Tensions Threaten Oil Supply Routes

A sudden surge in global energy prices emerged across Asian trading hubs today as geopolitical tensions intensified throughout the Middle East. International benchmark prices...

Reopened Gulf Shipping Lane Expected to Boost Qatar–Iran Commerce and Lower Costs

Qatar recently reopened Al Ruwais Port to commercial cargo vessels originating from Iranian ports. This key decision effectively restores a vital shipping route between...

Iran Earns $3.5 Billion as Oil Exports Jump After Trade Restrictions Ease

Iranian crude export surges to fifty million barrels following the recent removal of international trade restrictions. Iran generated approximately three and a half billion...

Iran’s Oil Drilling Sector Advances as State Firm Reports Record Quarterly Output

The National Iranian Drilling Company achieved a major operational milestone by boosting hydrocarbon exploration and production metrics. Chief Executive Officer Morteza Fuladi confirmed that...

Tehran-Dubai Flights to Resume Tomorrow After Months-Long Suspension

The aviation sector in the Middle East is preparing for a major operational shift tomorrow morning. Passenger airlines will officially restart the highly anticipated...