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 Iraq Trade Hits $6.7 Billion in Eight Months

Iran Iraq trade surged as Iran exported non-oil goods worth $6.719 billion to Iraq. This covered the first eight months of the year, from...

Iran Exchange Rates Shift Lower as CBI Updates December Prices

Iran exchange rates moved lower after the Central Bank of Iran published official prices on December 18. The update signaled a broad decline across...

Iran Currency Rates See Significant Increase on December 17

Iran currency rates rose sharply on December 17, according to the Central Bank of Iran (CBI). The CBI reported increases for 45 major foreign...

Iran Steel Exports Rise 41% in Eight Months

Iran steel exports recorded a sharp increase during the first eight months of the current calendar year. The growth signals stronger foreign demand and...

Iran Tea Exports Grow 48% in First Eight Months

Iran tea exports increased by 48% during the first eight months of the current Iranian calendar year. Officials attribute this growth to strong demand...

Iran Currency Rates Show Significant Gains Across Major Currencies

Iran currency rates surged on December 16 as the Central Bank of Iran announced updated official exchange rates. The increase affected 46 foreign currencies...