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.
Iran’s foreign trade has surpassed $94 billion, marking significant activity in the country’s economy. The foreign trade figures show a complex picture of exports...
Iran’s President Masoud Pezeshkian has introduced new measures to streamline the import of basic goods. Consequently, supply chains should improve and market pressure decrease....
The rial exchange rate in Iran rose significantly, affecting multiple foreign currencies. The Central Bank of Iran updated official rates, showing increases for nearly...
Iranian President Masoud Pezeshkian said Iran oil control is central to countering Western pressure while strengthening domestic economic resilience. He delivered the remarks during...