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 Naval Actions in the Strait of Hormuz Slam Global Oil Prices Above $103 a Barrel as Tanker Tensions Shake Energy Markets

Iranian naval actions caused oil prices to jump sharply on Thursday. Global markets reacted with immediate concern. The key reason is Hormuz tanker tensions....

Iran’s Internet Disruption Enters Day 54 as Digital Job Threat Hits 10 Million Workers and Inflicts $80 Million Daily Losses

Iran’s internet disruption enters its 54th day. This ongoing outage creates a serious digital job threat for nearly 10 million people. The country’s Minister...

Iran Announces Hormuz Closure Until Blockade Ends and Oil Price Surge Continues

Oil price surge continues to shake global energy markets. Brent crude futures jumped more than 7% on Monday. The main international benchmark later settled...

Iran Turkey Expand Agricultural and Border Cooperation with Joint Free Trade Zone Initiative

The border trade plan has advanced as Iran and Turkey agreed to expand agricultural and border cooperation during recent diplomatic engagements. Mohammad Reza Nouri-Ghezeljeh outlined the...

Iran Launches 200+ Fisheries Projects to Boost Growth and Innovation

Officials from the Iran Fisheries Science Research Institute outlined a broad strategy for the current year, while the plan focuses on resilience and sustainability....

Three Iran-Linked Tankers Cross Strait of Hormuz After U.S. Announces New Blockade

Three Iran-linked tankers entered the Persian Gulf on Tuesday. They passed through the Strait of Hormuz. This Persian Gulf transit happened on the first...