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 Increases Power Capacity to Nearly 99,000 MW in 18 Months

Iran has raised its electricity generation capacity by about 5,800 megawatts in less than 18 months, reaching 98,802 MW. The growth reflects the government’s...

Iran and Azerbaijan Sign Comprehensive Cooperation Agreement

Iran and Azerbaijan signed a wide-ranging agreement to strengthen cooperation in infrastructure, energy, and economic development. The deal was finalized during the 17th Joint...

Iran Produces High‑Strength S650MC Steel for the First Time

Iran produces the S650MC high-strength hot-rolled steel sheet for the first time through Mobarakeh Steel Group and its subsidiary, Saba Steel & Rolling Company. This...

Iran Announces Currency Exchange Rates for February 22

The Central Bank of Iran (CBI) released official foreign currency rates for February 22, 2026. Overall, most major currencies in Iran rose slightly, while a few...

Iran and Russia Strengthen Ties with New Cooperation Agreements

Iran and Russia have taken decisive steps to deepen their economic and technical cooperation. They signed a new cooperation document and four memoranda of...

Iran Announces Official Currency Exchange Rates for February 18

The Central Bank of Iran (CBI) released official exchange rates for foreign currencies on February 18. Overall, most currencies increased, while four declined compared...