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.

Strait of Hormuz Instability Threatens Global Pistachio and Luxury Baklava Supply Chains

Regional instability in the Strait of Hormuz now threatens the global supply chain for luxury sweets. This strategic waterway serves as a primary artery...

Iran Officially Nominates Mashhad for OIC Tourism Capital 2030 in Strategic Bid to Expand Global Islamic Tourism Influence

Iran officially nominated Mashhad as its representative for the OIC tourism capital title. This strategic move aims to strengthen the country's position on the...

Iran and Turkey Target Thirty Billion Dollar Trade Expansion in Tehran Economic Talks

Iranian and Turkish officials recently met in Tehran to discuss economic growth. They aim for a thirty billion dollar annual trade turnover. Consequently, this...

Iran-Africa Trade Reaches Major Milestone as Export Value Surge Hits 25 Percent

Iran recently announced a significant surge in export value related to its commercial activities across Africa. Trade Promotion Organization of Iran Deputy Head Amir...

Russian President Vladimir Putin Warns of Global Economic Damage Unless Regional Crisis Resolution is Achieved Quickly

Russian President Vladimir Putin expressed urgent hope for a swift regional crisis resolution during a press conference on Saturday. He cautioned that prolonged friction...

Iran’s VP Mohammad Reza Aref Claims Industrial Recovery Efforts Will Restore Iranian Plants After Recent Aerial Strikes

Iranian Vice President Mohammad Reza Aref recently addressed leaders from Iran’s largest industrial sectors. He claimed that recent military strikes failed to weaken the nation’s core economic pillars. These attacks targeted critical...