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.
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 nominated Mashhad as its representative for the OIC tourism capital title. This strategic move aims to strengthen the country's position on the...
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 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 expressed urgent hope for a swift regional crisis resolution during a press conference on Saturday. He cautioned that prolonged friction...
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...