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.

Iranian Government Spokesperson Fatemeh Mohajerani Says Iran Damage Estimate Climbs to $270 Billion After Recent Attacks

Iran damage estimate has reached roughly 270 billion dollars, according to a senior government spokesperson. The figure highlights the scale of economic and infrastructure...

Iran Rail Services Resume in East Azarbaijan After Rapid Infrastructure Repairs

Iran rail repair has restored rail services in East Azarbaijan Province after recent infrastructure damage. Consequently, authorities reopened key routes following a short suspension...

Iran Begins Rebuilding Oil Facilities After US-Israeli Strikes Targets 80% Capacity Within Two Months

Iran oil recovery is advancing as authorities rebuild key energy facilities after recent strikes. The effort remains vital for fuel supply and economic stability...

Iran Faces New U.S. Blockade Threat as Brent Crude Swings From Above $119 to Below $92 and Back Past $103

Strait tensions rise sharply following President Donald Trump’s announcement. The U.S. Navy will enforce a blockade on the Strait of Hormuz. About 20 percent...

Iran’s Deputy Oil Minister Mohammad Sadegh Azimifar Confirms Full Refining Chain Targeted as Thousands Join Post-Attack Reconstruction

Refinery attacks recovery has become a critical mission for Iran’s oil sector. The Iranian oil ministry has confirmed that strikes targeted the entire refining...

Iran Conflict Deepens Economic Shock Waves That Push Inflation to Nearly Seven Percent in Worst Case World Bank Warns

Economic shock waves from the U.S.-Israeli conflict with Iran threaten the global economy. World Bank President Ajay Banga gave this warning on Friday. He...