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.

Pezeshkian Announces Government Restructuring to Address Economic Pressure

Iranian President Masoud Pezeshkian announced a comprehensive restructuring of national government operations. He stated that the administration had adopted a new strategy to manage...

Mohsen Rezaei Calls Current Economic Conditions Among Iran’s Most Challenging Periods

Secretary of the Supreme National Security Council Mohsen Rezaei categorized current national conditions among the most challenging periods in history. The official delivered his...

Iranian Rial Falls as Dollar Approaches 260,000 Tomans

The Iranian foreign exchange market surge accelerated today as foreign currencies posted rapid gains across domestic open markets. Consequently, the U.S. dollar approached the...

Iran Central Bank Launches $2 Billion Intervention to Stabilize Foreign Exchange Market

The Central Bank of Iran launched a massive two-billion-dollar market intervention to stabilize surging foreign exchange rates across domestic trading centers. Regulatory officials confirmed...

Iran Suspends Luxury Car Imports to Prioritize Affordable Vehicles

Iranian President Masoud Pezeshkian officially ordered the immediate suspension of luxury automobile imports across all domestic entry ports. Industry, Mine and Trade Minister Mohammad...

Turkish Court Seizes Iranian Caspian Airlines Plane Over €3 Million Debt

Turkish court officials recently seized an Iranian passenger aircraft at Istanbul Airport due to outstanding commercial debts. Authorities grounded the Boeing 737-500 aircraft operated...