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.
Masoud Pezeshkian addressed rising prices in a recent social media post. He emphasized that price increases are unacceptable during wartime. On one hand, higher...
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 is facing new pressure on its pharmaceutical sector as officials warn about slower imports of medicine ingredients. Drug supply delays have increased concerns...
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'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....