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.

South Pars Gas Platforms Ready for Winter Supply

Iran’s South Pars gas platforms have completed their annual overhaul program and now operate at full capacity for the winter season. The major project aims to...

Bitcoin Appeal Surges Amid Iran Financial Collapse

Iran’s banking instability has strengthened Bitcoin appeal as citizens seek protection from financial uncertainty. The insolvency of a major Iranian bank has triggered concern...

Iran and Japan Trade Expands in Health and Food Sectors

Iran Japan trade is set to expand as Tehran and Tokyo seek stronger cooperation in healthcare, agriculture, and food industries. Leaders from both countries...

Iran GECF Role Gains Momentum in Global Gas Markets

Iran GECF role is gaining momentum as Tehran pushes for a stronger position within the Gas Exporting Countries Forum. Oil Minister Mohsen Paknejad said...

Iran Exchange Rates Rise as Rial Faces Market Pressure

The Central Bank of Iran announced new figures for Iran exchange rates on October 27. Most major currencies gained value against the rial, signaling renewed pressure...

Iran Resilience: Larijani Says Economy Will Not Be Weakened

Iran resilience remains a top priority for Tehran, according to Ali Larijani, Secretary of Iran’s Supreme National Security Council. He said external economic pressure...