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 India Explore Oil Trade Revival During BRICS Energy Talks

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...

Tehran Doubles Bread Prices as Soaring Costs Deepen Iran’s Food Inflation Crisis

Bread prices in Tehran officially doubled on Monday following a new directive by government regulatory authorities. This sudden price adjustment highlights the severe economic...

Iran Updates Official Exchange Rates as Rial Faces Continued Market Pressure

The Central Bank of Iran adjusted official foreign currency values on June 23 to stabilize economic conditions. Consequently, the government updated the price of...

Central Bank of Iran Signals Readiness to Buy U.S. Agricultural and Medical Goods

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 Shipping Resumes Gulf Exports to Qatar and UAE After U.S. Lifts Naval Restrictions

Iranian merchant vessels initiated their first export voyages toward Qatar and the United Arab Emirates on Sunday. This significant commercial development follows the recent...

Iran Foreign Minister Abbas Araghchi Announces U.S. Move to Suspend Key Energy Restrictions

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...