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.
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.
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 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 has begun receiving Iranian oil and fuel after Ukrainian drone strikes on refineries reduced Russian exports to Central Asia, according to several outlets.
Iran’s foreign trade reached $103.8 billion in the first ten months of the current year, signaling a strong economic performance. Iran exports growth has...
Iran’s currency exchange rate shifted noticeably as the Central Bank released updated official figures. These changes reflect broader economic pressures and trends affecting the...
India has signaled a potential restart of Iran oil imports, marking a significant development in the region’s energy landscape. The country imported a substantial...
Iran is witnessing a significant surge in renewable energy investment, especially through solar power plants. Consequently, the government expects this growth to continue in...
Iran imported $628 million worth of German non-oil products during the first four months of the current Iranian calendar year. This increase reflects stronger...
Iran-UAE cooperation advanced as Iran’s Consul General in Dubai, Alireza Mahmoudi, met senior Emirati officials. The meetings focused on improving trade and air transport...