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.

Persian Gulf Authority Warns Vessels Against Unauthorized Strait of Hormuz Transit

The Persian Gulf Waterway Management Authority issued a strict public warning regarding unauthorized vessel movements through the strategic Strait of Hormuz. Maritime officials cautioned...

Kish Free Zone Chief Calls for Economic Reforms to Support Businesses

Mohammad Kabiri, CEO of the Kish Free Zone Organization, has proposed major economic policy reforms to support struggling businesses and revitalize specialized industrial sectors...

Mahan Air Flight Lands in Guangzhou Despite U.S. Warnings Over Sanctions on Iranian Airlines

A commercial flight operated by Iranian carrier Mahan Air successfully landed in Guangzhou despite explicit warnings from Washington. The scheduled arrival occurred shortly after...

Iran and Uzbekistan Target $600 Million in Agricultural Trade Within Two Years

Iran and Uzbekistan have officially agreed to expand bilateral agricultural trade from $200 million to $600 million within two years. The landmark economic commitment...

Iran Restores 50% of Damaged South Pars Gas Capacity

Iranian energy officials confirmed that technical crews have successfully restored 50% of the damaged production capacity at South Pars. The strategic gas field suffered...

Iran Air Rejects Claims of Flight Restrictions Amid Regional Aviation Disruptions

National flag carrier Iran Air has denied receiving any flight-suspension directives from the civil aviation authorities of Turkey, Azerbaijan, or Iraq. Official spokespersons confirmed...