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.

Iran Accelerates Reconstruction of 27 War-Damaged Airports Across the Country

Iran Airports and Air Navigation Company Chief Executive Officer Morteza Dehghan outlined extensive post-war reconstruction efforts nationwide. Consequently, the state aviation authority managed rapid...

Iran Sets Third-Tier Gasoline Price at 10,000 Tomans While Keeping Quotas Unchanged

The Iranian government has announced a significant adjustment to national fuel pricing policies. Officials confirmed that the third-tier gasoline price will increase to 10,000...

Direct Iran-Tunisia Flights Resume Through Imam Khomeini International Airport

Direct commercial flights connecting Iran and North Africa have resumed operations through Imam Khomeini International Airport. Airport authorities confirmed the weekly service on Saturday...

Brent Crude Surges Above $95 as New U.S. Airstrikes on Iran Intensify Fears Over Global Oil Supplies

A new wave of American airstrikes targeting Iran triggered an immediate surge in global energy commodity markets on Wednesday. Consequently, North Sea Brent crude...

U.S. Dollar Hits Historic 220,000-Toman High Amid Iran’s Rising Inflation and Currency Crisis

The price of the United States dollar reached a historic peak of 220,000 tomans in Iran’s open market. Consequently, exchange centers recorded a maximum daily trading...

Iran Estimates Up to 3 Trillion Tomans Needed to Rebuild Destroyed B1 Bridge

An Iranian transport authority recently announced the official financial estimate for restoring a crucial infrastructure project. Officials estimate that reconstructing the B1 Bridge will...