Business

Iran Expands Traditional Crafts Sector in Khoy to Boost Nomadic Income and Protect Cultural Heritage

The Nomadic Affairs Department in Khoy has established thirty-nine new handicrafts workshops for local nomadic youth. This major development initiative aims to boost regional economic empowerment while creating long-term...

Iranian Coordination Helps South Korean Tanker Avoid Disruption in Hormuz

A South Korean-flagged very large crude carrier navigated the volatile Strait of Hormuz on Wednesday morning. Consequently, South...

Tehran Stock Exchange Reopens After 80-Day Wartime Shutdown as Market Slides Further

The Tehran stock market partially resumed trading on Tuesday after an 80-day shutdown triggered by military strikes on...

Iranian Food and Drug Administration Warns of Severe Disruptions in Medicine Imports

The Iranian Food and Drug Administration announced severe disruptions regarding the procurement of vital domestic medical resources on...

Iran’s Evaporative Cooler Prices Surge as Families Turn to Repairs and Secondhand Markets

The domestic appliance market in Iran is experiencing an unprecedented surge in evaporative cooler prices as summer approaches....

Iran Speaker Mohammad-Bagher Ghalibaf Says Trump’s Oil Explosion Warning is Junk Advice as Prices Hit $126

Iran's Parliament Speaker Mohammad-Bagher Ghalibaf mocked U.S. President Trump on Thursday, and he called Trump's warning about oil wells a piece of junk advice....

Iran Sells Oil at Twice Contracted Price Parliament Spokesman Says as U.S. Sanctions Fail

Iran's oil is selling at premium prices right now. An Iranian parliament spokesman made this claim on Wednesday. Abbas Ghodrati represents the Planning and...

Iranian Parliament Prepares Motion Requiring Tolls in Iranian Rial for Strait of Hormuz

Iran's parliament is preparing a motion on strait transit. Ships passing through the Strait of Hormuz would pay tolls in iranian rial. Ebrahim Azizi...

Iran’s Government Spokeswoman Fatemeh Mohajerani Highlights Trade Volume at Bazargan Border Crossing

Iran's government spokeswoman Fatemeh Mohajerani announced new trade figures on Sunday. The bazargan border crossing in West Azarbaijan Province handles 200,000 trucks annually. Mohajerani...

Iran’s Parliament Speaker Mohammad Bagher Qalibaf Says Tehran Holds Unplayed Strategic Cards in Oil Market

Iran's Parliament Speaker Mohammad Bagher Qalibaf issued a response to U.S. provocations on Sunday. He took to social media to dismantle American energy leverage...

Strait of Hormuz Closure Sends Oil Prices Higher as Iran Refuses U.S. Negotiation Demands

The strait of hormuz will not reopen under previous terms. Iranian officials made this clear on Sunday. Oil prices surged, therefore, after this announcement....