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.
Frozen assets dispute takes center stage in Islamabad this week. Iranian and American negotiators edge closer to formal talks. However, conflicting reports create confusion....
Iran launched its economic recovery plan this week to assist citizens affected by recent conflicts. The initiative focuses on providing financial support, essential goods,...
Iranian citizens report rising anxiety as international tensions increase, and economic pressures continue to mount. Consequently, many families fear for both their children and...
Hormuz shipping flow has dropped significantly in recent weeks across the Strait of Hormuz. This waterway handles a large share of global oil transit...