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 Central Bank Announces $2 Billion Currency Market Intervention

Central Bank of Iran Governor Abdolnasser Hemmati announced a massive $2 billion market intervention. The central bank injected foreign currency directly into open markets...

Iran Belarus Delegations Advance Bilateral Economic Cooperation

Iranian and Belarusian high-level delegations met in Minsk to advance strategic bilateral economic cooperation. Central Bank International Relations Director Hossein Kashiri led targeted financial...

Iran’s Handmade Carpet Industry Expands Global Markets Through Digital Innovation

Iran’s historic handmade carpet industry is entering an ambitious new era of modernized global commercial expansion. Production volume continues to rise steadily as domestic...

Iran’s Natural Stone Industry Highlights Economic Diversification

Foreign political capitals frequently mischaracterize Iran’s overall economy by focusing exclusively on crude oil, natural gas, and petrochemical exports. However, that narrow perspective overlooks...

Brent Crude Surpasses $102 as Geopolitical Risks Drive Oil Markets Higher

Global oil markets opened higher this week, with Brent crude surpassing one hundred two dollars per barrel in East Asian trading. Persistent geopolitical friction...

Iran Iraq Air Travel Resumes With 40 Daily Flights to Najaf

The Iranian Civil Aviation Organization officially confirmed the full restoration of air travel connections with Iraq. President Abuzar Shiroudi stated that airlines from both...