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.

Satellite Control Boosted with Iran’s New Ground Stations

Iran has strengthened its satellite control capabilities with the launch of two new ground stations in Salmas and Chenaran. Satellite control now benefits from...

Iran’s Car Production Drops Seven Percent Amid Energy Challenges

Iran’s car production fell seven percent in the first nine months of this year. The decline occurred mainly because of energy supply problems. The...

Iran and Oman Aim to Boost Trade to $5 Billion

Iran Oman trade is set to grow as Iran’s First Vice President Mohammad Reza Aref called for stronger ties with Oman. In a meeting...

Iran Air Flights Resume Between Tehran and Istanbul

Iran Air flights have resumed on the Tehran-Istanbul route after a two-month break. The airline announced it will restart round-trip services between the two...

Iran Inflation Hits 44.2% as Prices Surge

Iran inflation continues to rise, putting pressure on households across the country. Moreover, the Central Bank of Iran reported that urban inflation reached 44.2%...

Hormozgan Exports Surpass Five Million Tons Amid Strong Growth

Hormozgan exports have surged in the first ten months of the current Iranian year. Officials report that more than five million tons of goods...