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 Steel Exports Rise 27% in Nine Months

Iran’s steel exports surged 27% in revenue, generating over $6 billion in nine months. Steel exports have become a key driver for Iran as...

Natural Gas Surges in Iran with Record Processing Levels

Iran achieves a new milestone in natural gas production, reaching record daily processing levels. The National Iranian Gas Company reported increased natural gas deliveries...

Pezeshkian Promises to Permanently End Rent-Seeking and Corruption in Foreign Exchange Distribution

Iranian President Masoud Pezeshkian promised to permanently end rent-seeking and corruption in foreign exchange distribution. The announcement signals a decisive move to reform currency...

Iran Announces Sweeping Tax Reforms to Boost Economy

Iran has launched major tax reforms affecting nearly all commercial goods nationwide. These tax reforms aim to support businesses and ease financial pressures on...

Iran China Trade Faces U.S. Tariff Pressure

Iran China trade is under scrutiny after the United States announced a 25 percent tariff on countries doing business with Iran. Iranian and Chinese...

Oil Prices Rise Amid Iran Unrest

Oil prices have surged amid growing unrest in Iran, sparking concerns about potential supply disruptions. Analysts note that geopolitical uncertainty has added to oil...