Business

Iran Sells Oil at Twice Contracted Price Parliament Spokesman Says as U.S. Sanctions Fail

Iran's oil is selling at premium prices right now. An Iranian parliament spokesman made this claim on Wednesday. Abbas Ghodrati represents the Planning and Budget Committee, and he said...

Iranian Parliament Prepares Motion Requiring Tolls in Iranian Rial for Strait of Hormuz

Iran's parliament is preparing a motion on strait transit. Ships passing through the Strait of Hormuz would pay...

Iran’s Government Spokeswoman Fatemeh Mohajerani Highlights Trade Volume at Bazargan Border Crossing

Iran's government spokeswoman Fatemeh Mohajerani announced new trade figures on Sunday. The bazargan border crossing in West Azarbaijan...

Iran’s Parliament Speaker Mohammad Bagher Qalibaf Says Tehran Holds Unplayed Strategic Cards in Oil Market

Iran's Parliament Speaker Mohammad Bagher Qalibaf issued a response to U.S. provocations on Sunday. He took to social...

Strait of Hormuz Closure Sends Oil Prices Higher as Iran Refuses U.S. Negotiation Demands

The strait of hormuz will not reopen under previous terms. Iranian officials made this clear on Sunday. Oil...

Climate-Resilient Farming Boosts Iran Agriculture

The Food and Agriculture Organization of the United Nations and the Iranian government have launched a major project to expand climate-resilient farming. This initiative...

Iranian Tankers Turn On Transponders Amid U.S. Sanctions

Iranian tankers have begun broadcasting their exact locations, signaling a bold move in response to US sanctions. The decision marks a major shift after...

Iran Steel Exports Increase Significantly in Five Months

Iran steel exports surged in the five months ending August, signaling strong recovery in the country’s metal sector. Iran steel exports reached nearly $3...

Iran Cuts Subsidized Currency for Imports Amid Economic Pressure

Iran has reduced its allocation of subsidized currency for imports, marking a significant economic development. The move affects businesses relying on cheaper foreign exchange...

Nuclear Irradiation Boosts Iran Agriculture and Food Security

Iran has inaugurated its first agricultural irradiation center in the northwest, marking a key step in advancing food security. The Ardabil facility will use...

Oil Minister Visits Qatar for GECF Meeting on Gas Cooperation

Iranian Oil Minister Mohsen Paknejad left Tehran for Doha, Qatar, to attend the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) on...