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.
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.
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 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 has begun receiving Iranian oil and fuel after Ukrainian drone strikes on refineries reduced Russian exports to Central Asia, according to several outlets.
Iran India oil negotiations entered a critical new phase during a recent high-level diplomatic meeting in New Delhi. Iranian Petroleum Minister Mohsen Paknejad met...
Bread prices in Tehran officially doubled on Monday following a new directive by government regulatory authorities. This sudden price adjustment highlights the severe economic...
The Central Bank of Iran adjusted official foreign currency values on June 23 to stabilize economic conditions. Consequently, the government updated the price of...
The Central Bank of Iran declared its readiness to purchase agricultural and medical goods from United States companies. Central Bank Governor Abdolnaser Hemmati clarified...
Iranian merchant vessels initiated their first export voyages toward Qatar and the United Arab Emirates on Sunday. This significant commercial development follows the recent...
The United States and Iran achieved a major diplomatic breakthrough during high-level bilateral negotiations in Switzerland. Iranian Foreign Minister Abbas Araghchi confirmed that Washington...