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 Exchange Rates Rise Across All Official and Alternative Markets

Iran exchange rates climbed on December 15 following the central bank’s release of updated official currency values. The announcement highlighted ongoing pressure on the...

Iran Launches New Fuel System Amid Gasoline Price Changes

Iran launches a new fuel system amid gasoline pricing changes, reshaping how citizens access fuel. Officials say the reforms aim to control consumption, reduce...

Iran Currency Rates Update for December 14

Iran currency rates moved lower on December 14 after the central bank updated official foreign exchange values. The announcement signaled continued pressure on the...

Green Transit Corridor Boosts Iran-Kazakhstan Trade

Iran and Kazakhstan are set to launch a Green Transit corridor, aiming to enhance trade and logistics. The head of Iran Chamber of Commerce,...

Iran Currency Rates Update: December 11 Exchange Values Released

Iran currency rates declined across most major currencies on December 11, according to the Central Bank of Iran (CBI). This change reflects ongoing economic...

Iran Exchange Rates Drop: Latest Currency Updates

Iran exchange rates fell sharply on December 9. The Central Bank of Iran released the official currency values today. The dollar now costs 653,482...