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’s Crypto Economy Expands Amid Diverging Uses

Iran’s crypto economy is growing rapidly, serving very different purposes for the state and ordinary households. The digital currency sector now supports both government...

Iran Loses Up to $42M Daily as Internet Blackout Hits Economy

Iran faces heavy economic losses as the ongoing internet shutdown disrupts business activity nationwide. Experts warn that the internet shutdown is costing Iran between...

Iran’s Steel Production Hits 32 Million Tons Amid Energy Recovery

Iran’s steel production shows strong growth, reflecting resilience in the country’s industrial sector. Steel production reached three million tons last month, marking a 16...

Non-Oil Exports Hit $1.7 Billion in Iran

Iran has witnessed a remarkable rise in non-oil exports this week, signaling strong growth in trade activity. Non-oil exports reached $1.7 billion, more than...

Iran Boosts Gas Supply to Power Plants Amid Winter Demand

Iran’s gas supply to power plants has reached impressive levels, ensuring energy stability across the country. Daily deliveries have exceeded 170 million cubic meters...

Iran Adopts Single-Price System for Foreign Currency Trading

Iran's Gold and Currency Exchange Center announced a single price for foreign currency trading, marking a significant change for the financial sector. Consequently, all...