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 Demands Immediate Release of $11 Billion in Frozen Assets as Non-Negotiable Precondition for Any U.S. Talks in Islamabad

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 Requires Bitcoin Payments from Tankers Transiting the Strait of Hormuz

Iran has announced that it will require all tanker ships passing through the Strait of Hormuz to pay tolls using Bitcoin. This decision comes...

Iran-U.S. Conditional Truce Causes Oil Prices Fall and Eases Global Energy Concerns

Oil prices fall sharply following the announcement of a conditional truce between Iran and the United States. The deal includes a two-week halt in...

Iran’s Minister of Economy Ali Madanizadeh Says Recovery Plan is Underway to Restore Damages and Aid Citizens

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 Families Face Economic Pressures Amid Rising Regional Tensions

Iranian citizens report rising anxiety as international tensions increase, and economic pressures continue to mount. Consequently, many families fear for both their children and...

Iran’s Strait of Hormuz Sees 94% Drop in Passage as Around 3,000 Ships Remain Stranded

Hormuz shipping flow has dropped significantly in recent weeks across the Strait of Hormuz. This waterway handles a large share of global oil transit...