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.
About 90 ships, including oil tankers, have crossed the Strait of Hormuz since the start of the conflict. Iran's oil exports continue despite disruptions,...
Iran announced plans to introduce new regulations for the Strait of Hormuz after the current conflict ends. Consequently, Tehran intends to control the critical...
Iran's oil stability remains intact despite recent geopolitical tensions and security incidents. Officials confirmed that production and exports continue without disruption. This assurance comes...
Iran’s Islamic Revolutionary Guard Corps (IRGC) has declared that any ship passing the Strait of Hormuz must first obtain official approval. Rear Admiral Alireza...
Iran is rapidly expanding its solar power capacity, with over 2,878 megawatts currently under construction. This large-scale initiative strengthens the country’s electricity supply and...