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 Sells Oil at Twice Contracted Price Parliament Spokesman Says as U.S. Sanctions Fail

Iran's oil is selling at premium prices right now. An Iranian parliament spokesman made this claim on Wednesday. Abbas Ghodrati represents the Planning and...

Iranian Parliament Prepares Motion Requiring Tolls in Iranian Rial for Strait of Hormuz

Iran's parliament is preparing a motion on strait transit. Ships passing through the Strait of Hormuz would pay tolls in iranian rial. Ebrahim Azizi...

Iran’s Government Spokeswoman Fatemeh Mohajerani Highlights Trade Volume at Bazargan Border Crossing

Iran's government spokeswoman Fatemeh Mohajerani announced new trade figures on Sunday. The bazargan border crossing in West Azarbaijan Province handles 200,000 trucks annually. Mohajerani...

Iran’s Parliament Speaker Mohammad Bagher Qalibaf Says Tehran Holds Unplayed Strategic Cards in Oil Market

Iran's Parliament Speaker Mohammad Bagher Qalibaf issued a response to U.S. provocations on Sunday. He took to social media to dismantle American energy leverage...

Strait of Hormuz Closure Sends Oil Prices Higher as Iran Refuses U.S. Negotiation Demands

The strait of hormuz will not reopen under previous terms. Iranian officials made this clear on Sunday. Oil prices surged, therefore, after this announcement....

Iran’s Digital Disconnection Halts its Economy After 55 Days and the Silent Servers Weep for Lost Transactions

Digital disconnection now marks 55 consecutive days in Iran. Consequently, internet connectivity remains at only 2% of ordinary levels. Furthermore, this follows 1,296 hours...