Business

Iran Steel Industry Struck Again as Mobarakeh and Khuzestan Plants Targeted

Iran’s steel industry faced a serious blow after Mobarakeh Steel Company reported a second attack by US and Israeli forces. The strike targeted critical sections of the company late...

Iran’s Parliament Speaker Mohammad Qalibaf Warns U.S. as Gas Price Impact Hits Families

The gas price impact is hitting American families hard as the Iran war continues. Iran’s Parliament Speaker Mohammad...

Iran’s Daily Oil Revenue Reportedly Doubles Amid U.S.-Israeli Pressure and Energy Disruptions

Oil revenue surge has accelerated in Iran as energy markets react to regional tensions in March 2026. The...

Iran’s Railway Sector Reports Strong Growth in Cargo and Passenger Services Ahead of Nowruz Holidays

Iran’s railway growth has strengthened significantly, showing improvements in cargo handling and passenger services. The country’s rail network...

Oil Price Rises Amid Iran-U.S. Tensions

Oil price rises after Iran dismissed U.S. claims of ongoing talks, sparking concerns in global markets. Brent crude...

Iran Increases Power Capacity to Nearly 99,000 MW in 18 Months

Iran has raised its electricity generation capacity by about 5,800 megawatts in less than 18 months, reaching 98,802 MW. The growth reflects the government’s...

Iran and Azerbaijan Sign Comprehensive Cooperation Agreement

Iran and Azerbaijan signed a wide-ranging agreement to strengthen cooperation in infrastructure, energy, and economic development. The deal was finalized during the 17th Joint...

Iran Produces High‑Strength S650MC Steel for the First Time

Iran produces the S650MC high-strength hot-rolled steel sheet for the first time through Mobarakeh Steel Group and its subsidiary, Saba Steel & Rolling Company. This...

Iran Announces Currency Exchange Rates for February 22

The Central Bank of Iran (CBI) released official foreign currency rates for February 22, 2026. Overall, most major currencies in Iran rose slightly, while a few...

Iran and Russia Strengthen Ties with New Cooperation Agreements

Iran and Russia have taken decisive steps to deepen their economic and technical cooperation. They signed a new cooperation document and four memoranda of...

Iran Announces Official Currency Exchange Rates for February 18

The Central Bank of Iran (CBI) released official exchange rates for foreign currencies on February 18. Overall, most currencies increased, while four declined compared...