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’s Rose Harvest Season Brings Thousands of Workers to Meymand’s Fragrant Gardens

The annual rose harvest season has started in Meymand, for this town lies in Iran's Fars Province. Workers gather Damask roses across the local...

Iran’s President Masoud Pezeshkian Orders Nationwide Crackdown on Wartime Price Hikes, Warns Profiteers Amid Economic Pressure

Masoud Pezeshkian addressed rising prices in a recent social media post. He emphasized that price increases are unacceptable during wartime. On one hand, higher...

Iran-Linked Hormuz Tensions Push Meta Shares Down 6.3% Amid Fears Over Global Energy Trade Disruptions

Meta Platforms Inc. faced a sharp decline in after-hours trading after rising tensions in the Middle East unsettled investors. Hormuz tensions increased concerns across...

Iran Faces Growing Medicine Import Delays as Maritime Restrictions and War-Driven Transport Costs Pressure Pharmaceutical Supply Chains

Iran is facing new pressure on its pharmaceutical sector as officials warn about slower imports of medicine ingredients. Drug supply delays have increased concerns...

Iran Ranked Tenth in Global Steel Production with 7.26 Million Tonnes Despite War

Iran's steel industry achieved a major milestone in early 2026. The country's steel production ranked tenth globally during the first quarter. Iran produced 7.26...

Iran Speaker Mohammad-Bagher Ghalibaf Says Trump’s Oil Explosion Warning is Junk Advice as Prices Hit $126

Iran's Parliament Speaker Mohammad-Bagher Ghalibaf mocked U.S. President Trump on Thursday, and he called Trump's warning about oil wells a piece of junk advice....