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.

Climate-Resilient Farming Boosts Iran Agriculture

The Food and Agriculture Organization of the United Nations and the Iranian government have launched a major project to expand climate-resilient farming. This initiative...

Iranian Tankers Turn On Transponders Amid U.S. Sanctions

Iranian tankers have begun broadcasting their exact locations, signaling a bold move in response to US sanctions. The decision marks a major shift after...

Iran Steel Exports Increase Significantly in Five Months

Iran steel exports surged in the five months ending August, signaling strong recovery in the country’s metal sector. Iran steel exports reached nearly $3...

Iran Cuts Subsidized Currency for Imports Amid Economic Pressure

Iran has reduced its allocation of subsidized currency for imports, marking a significant economic development. The move affects businesses relying on cheaper foreign exchange...

Nuclear Irradiation Boosts Iran Agriculture and Food Security

Iran has inaugurated its first agricultural irradiation center in the northwest, marking a key step in advancing food security. The Ardabil facility will use...

Oil Minister Visits Qatar for GECF Meeting on Gas Cooperation

Iranian Oil Minister Mohsen Paknejad left Tehran for Doha, Qatar, to attend the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) on...