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 Currency Crisis: Dollar Hits 122k Tomans

Iran currency crisis continues as the toman fell to a new low this week. The US dollar rose above 122k tomans (1,220,000 rials) in...

Iran Currency Rates: December 7 Official Update

The Central Bank of Iran has released the official currency rates for December 7. These new currency rates show changes compared to yesterday. The...

Iran Currency Rates: December 4 Exchange Update From Central Bank

Iran currency rates changed again on December 4 after the Central Bank of Iran released new exchange values. Moreover, Iran currency rates moved in...

Iran-Pakistan-Turkey Freight Train to Resume Activity Soon

Iran is preparing for the restart of the freight train that connects Tehran, Islamabad, and Istanbul. The freight train begins new operations on December...

Iran Rial Update: New Currency Rates for December 2

Iran Rial Update begins with fresh numbers from the Central Bank of Iran for December 2. The bank reported new official prices for many...

Iran Discovers Gold Mine in South Khorasan

Iran has discovered a new gold mine in South Khorasan Province, in eastern Iran. As a result, the Shadan gold mine now joins the...