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 Arrests Suspected Ringleader in €300 Million Financial Crime Case

Law enforcement authorities in Iran recently captured a key ringleader operating within an illicit trustee network financial crime scheme. The economic security division apprehends...

Iran’s Agricultural Production Reaches 137 Million Tons Despite Severe Drought and Water Constraints

Deputy Agriculture Minister for Cultivation Affairs Majid Anjafi announced that domestic agricultural production in Iran has reached 137 million tons. This impressive expansion has...

Iran to Double Third-Tier Gasoline Price to 10,000 Tomans as Pezeshkian Outlines Hormuz Strategy

Iranian President Masoud Pezeshkian announced during a live television broadcast on Friday evening that the third-tier gasoline price will double from 5,000 tomans to...

Global Oil Prices Fall as Middle East Diplomacy Raises Hopes for Strait of Hormuz Reopening

Global crude benchmark contracts extended their downward movement early today as traders anticipated diplomatic breakthroughs in the Middle East. Brent crude futures declined by...

Iran Inaugurates 95-Megawatt Solar Plant to Boost Renewable Energy Capacity

Iranian President Masoud Pezeshkian officially inaugurated the nation’s largest solar power facility during National Government Week ceremonies. Energy Minister Abbas Aliabadi and Central Bank...

Strait of Hormuz Sees Sharp Drop in Commercial Vessel Traffic

Traffic through the vital Strait of Hormuz experienced a sharp decline over the weekend amid mounting geopolitical tensions. Industry monitoring systems tracked fewer than...