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 Takes Major Step to Strengthen Saffron Value Chain

Iran, in collaboration with the Food and Agriculture Organization of the United Nations (FAO), launched a key initiative to improve the saffron value chain....

Iran Exchange Rates Updated for November 27

Iran exchange rates shifted again on November 27 as the Central Bank of Iran released fresh currency data. The update offered new insight into...

Iran Joins Unified North-South Corridor Tariff Agreement

Iran, Russia, and Azerbaijan are advancing a trilateral agreement to introduce unified tariffs on the North-South Corridor. This initiative ensures predictable and transparent costs...

Iran-Pakistan Trade Targets $10 Billion Milestone

Iran and Pakistan reaffirmed their commitment to boosting Iran-Pakistan trade, targeting $10 billion in the coming years. The announcement came during a meeting between...

Petrol Prices Rise in Iran Under New Consumption Tie

Iran has introduced higher petrol prices for motorists who consume more than 160 litres per month, signaling a major shift in the country’s fuel...

Iran Exchange Rates Updated for November 26

Iran Currency Rates moved higher on November 26 as the Central Bank of Iran released fresh exchange data. The new update marked broad gains...