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 Steel Production Hits 12.7 Million Tons in Seven Months

Iran steel production reached 12.708 million tons during the first seven months of the current Iranian year. This performance highlights the sector’s resilience during...

Seized Iranian Tanker to Be Auctioned by Indonesia

Indonesia will auction the seized Iranian tanker MT Arman 114 and its 1.245 million barrels of crude oil starting December 2. The government will...

Iran Exchange Rates Updated for November 25

Iran exchange rates experienced notable shifts on November 25, with most major currencies increasing in value. The Central Bank of Iran (CBI) released the...

Iran Gateway Boosts Trade Between China and Europe

Iran gateway emerges as a central hub for rail trade between China and Europe. Iran now plays a crucial role in transporting 60 million...

Bilateral Trade Between Iran and Iraq Set to Reach $20 Billion

Iran and Iraq are focusing on boosting bilateral trade to $20 billion within three years. The two countries see strong potential to expand commercial...

Iran Releases Updated Currency Exchange Rates for November 19

Iran announced its official currency exchange rates for November 19, revealing changes across multiple currencies. The updated figures reflect the current situation in Iran’s...