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.

Saffron Exports Reach 150 Tons in Eight Months

Iran’s saffron exports reached 150 tons in the first eight months of the year, signaling strong demand abroad. This growth in saffron exports highlights...

Fishery Exports Rise to $310 Million in Iran

Iran’s fishery exports reached $310 million in the year ending March 21, 2024, showing steady growth across the sector. Moreover, this increase demonstrates Iran’s...

Iran and China Trade Surpasses $4 Billion in Q1 2024

Iran China trade reached over $4 billion in the first quarter of 2024, signaling continued economic engagement. Trade between the two countries grew by...

Iran Oil Deals: $2 Billion Contracts Signed for Oil Fields

Iran oil deals are set to expand as the National Iranian Oil Company plans to sign contracts worth over $2 billion. This move focuses...

Iran Gold Imports Surge Over 12 Tons as Demand Grows

Iran gold imports have surged significantly, signaling a strong increase in the country’s demand for bullion. Iran imported over 12 tons of gold bars,...

Iran and Turkey Trade Hits $6 Billion in Five Months

Iran Turkey trade reached $6.01 billion in non-oil exchanges during the first five months of the current Iranian calendar year, from March 20 to...