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.

Hormozgan Exports Growth Surges Over 4.6 Million Tons

Hormozgan exports have grown strongly during the first eight months of the Iranian calendar year. Morteza Salari, Director-General of the Ports and Maritime Department...

Iran and Turkey Agree to Build $1.6 Billion Rail Link to Boost Trade

Iran and Turkey have agreed to start building a new Iran Turkey Rail line. Moreover, the project will cost about $1.6 billion and cover 200 kilometers....

Iran Currency Rates Rise as CBI Updates Daily Figures

Iran currency rates changed again on December 1, and many people followed the new figures. As the morning began, the Central Bank released updated...

Iran Pakistan Trade Deal $4 Million Strengthens Agricultural Ties

Iran Pakistan trade relations strengthened as both countries signed over $4 million in trade commitments. The deals took place during the 2025 Karachi International...

Iran Exports EAEU Rise 11% in Eight Months

Iran exports EAEU recorded strong growth in the first eight months of the current Persian year. According to Iran Customs Administration (IRICA), the country’s...

Iran Turkey Trade: Expanding Bilateral Economic Cooperation

Iran Turkey trade gains momentum as both countries aim to increase bilateral commerce and strengthen economic cooperation. Iranian and Turkish officials recently met to...