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 Approves Currency Redenomination to Simplify Transactions

Iran has approved a major currency Redenomination to simplify transactions and address long-term inflation. Consequently, the government will remove four zeros from the national...

Iran and Oman Tourism Expands Bilateral Cooperation

Iran and Oman are taking steps to strengthen their ties through Iran Oman tourism, particularly in marine and cultural sectors. Meanwhile, both nations discussed...

Iran Tourist Card Boosts Safety and Payments for Foreign Visitors

Iran Tourist Card has officially launched to improve visitor safety and simplify travel payments across the country. The initiative, introduced by the Ministry of...

Persian Gulf Islands Offer the Ideal Autumn Travel Season

The Persian Gulf Islands are entering their most attractive season of the year, drawing travelers and investors alike. With cooler autumn temperatures, calmer seas,...

Iran Oil Exports Reach 2.3 Million Barrels Per Day

Iran oil exports have reached a new peak, with shipments to China hitting levels not seen since 2018. Over the past four weeks, Iran...

Iran and Russia Trade Strengthened by New Freight Route

Iran and Russia trade received a significant boost as the first scheduled freight train from Russia arrived at Aprin dry port on Saturday. This...