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.

Blue Economy Advances at Kish Island Conference

Kish Island hosted the 2nd International Conference on the blue economy from November 8-9, 2025. The event attracted global industry leaders, investors, and scholars,...

Iran Rial Reform: Guardian Council Approves Four Zeros Removal

The Guardian Council has approved a major Iran rial reform, allowing authorities to remove four zeros from the national currency. This reform marks a...

Iranian Saffron Harvest Increases Exports and Global Demand

The Iranian saffron harvest has started in North Khorasan Province, bringing new life to farms and villages in the region. Farmers in Farouj County began picking...

Iran and Saudi Ties Boost Regional Stability

Tehran and Riyadh are taking significant steps to strengthen diplomatic relations, signaling positive impacts on regional and international stability. Iran Saudi ties, officials say,...

Iran Trade Value Hits $38B with Neighbors

Iran trade value with neighbors reached $38 billion in the first seven months of the Iranian calendar year. This growth demonstrates the country’s strengthening...

Iran Currency Rates Increase Across Multiple Exchange Systems

Iran currency rates showed a noticeable rise on November 6, according to the latest data from the Central Bank of Iran. The central bank...