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.
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 repair has restored rail services in East Azarbaijan Province after recent infrastructure damage. Consequently, authorities reopened key routes following a short suspension...
Iran oil recovery is advancing as authorities rebuild key energy facilities after recent strikes. The effort remains vital for fuel supply and economic stability...
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...
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...
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...