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 Israel Conflict Triggers Sharp Rise in Global Energy Prices

Recent military confrontations between Iran and Israel triggered a sharp increase in international energy commodity prices. Consequently, energy traders quickly adjusted their risk premiums...

Iran-Russia Economic Ties Expand with $25 Billion Hormozgan Nuclear Plant Initiative

Tehran and Moscow have accelerated their economic partnership to counter ongoing Western sanctions. Specifically, Iranian Ambassador Kazem Jalali announced these key initiatives during a...

Iran Inflation Shock Deepens as Consumer Prices Surge Sharply in May

Inflation shock Iran intensified in May after official institutions released updated data showing faster price growth. Both the Statistical Center and the Central Bank...

Tehran Stock Exchange Records Historic Rally as Iran-U.S. Diplomatic Breakthrough Fuels Investor Optimism

The Tehran Stock Exchange recently experienced an unprecedented across-the-board rally because investors reacted to positive geopolitical developments. Consequently, every single listed trading index climbed...

Iranian President Masoud Pezeshkian Mandates Advanced Technology Transition to Resolve National Water Crisis

Iranian President Masoud Pezeshkian spearheaded this strategic shift during an emergency water crisis management summit on Saturday. Pezeshkian called for the immediate integration of...

Iran Expands Traditional Crafts Sector in Khoy to Boost Nomadic Income and Protect Cultural Heritage

The Nomadic Affairs Department in Khoy has established thirty-nine new handicrafts workshops for local nomadic youth. This major development initiative aims to boost regional...