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.

Iranian Foreign Ministry Spokesperson Esmaeil Baghaei Says Iran Should Sell Oil Freely After U.S. Memorandum Signing

Iranian officials said that Oil Sales Sanctions Relief should begin immediately after a new memorandum between Tehran and Washington. The comments raised expectations that...

Global Energy Markets Stabilize as Iran-US Accord Reopens the Crucial Strait of Hormuz Shipping Lane

Crude values tumbled significantly during early Asian trading sessions after the United States and Iran announced a landmark diplomatic breakthrough. Financial analysts observed that...

Cyberattack on Iranian Banks Disrupts Services as Recovery Efforts Continue Across Financial Sector

Cyberattack on Iranian Banks has disrupted services across several major financial institutions. As a result, banking authorities and technology specialists launched extensive recovery efforts....

Iran Opens Major Mianeh–Ardabil Railway Line After Two Decades of Construction

Iran recently inaugurated a major transit route to enhance its national transport network and regional trade connections. President Masoud Pezeshkian officially opened the Mianeh-Ardabil...

Oil Prices Surge Above $95 as Strait of Hormuz Closure Intensifies Iran-U.S. Tensions and Disrupts Global Shipping

Asian commodity markets reacted swiftly on Thursday morning to escalating geopolitical frictions between the United States and Iran. Energy traders aggressively pushed global oil...

Iran–Eurasian Economic Union Trade Surges 22% in First Year of Free Trade Agreement

Trade volume between Iran and the Eurasian Economic Union expanded by twenty-two percent during the first year of their free trade agreement. This major...