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 Allocates Nearly $49 Billion in Foreign Currency to Boost Industry

Iran has provided a large amount of foreign currency to support imports and strengthen the national economy. Since the start of the Iranian year,...

Iran’s Foreign Trade Reaches Over $94 Billion Amid Shifts

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 Accelerates Renewable Power Capacity Expansion

Iran is pushing to increase its renewable capacity to more than 5,200 megawatts by the end of the Iranian year. Authorities, including the Energy...

Pezeshkian Orders Steps to Speed Up Basic Goods Import

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....

Rial Exchange Rate Rises in Iran

The rial exchange rate in Iran rose significantly, affecting multiple foreign currencies. The Central Bank of Iran updated official rates, showing increases for nearly...

Iran Oil Control Shapes Pezeshkian’s Warning to the West

Iranian President Masoud Pezeshkian said Iran oil control is central to countering Western pressure while strengthening domestic economic resilience. He delivered the remarks during...