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’s Currency and Gold Markets Surge Amid Rising U.S. Economic Pressure

Unprecedented volatility hit Iran’s informal foreign exchange and gold markets following announcements of impending international economic measures. Market traders in Tehran reported sharp price...

Iran Central Bank Chief Denies Release of Blocked Foreign Assets Under Islamabad Memorandum

Central Bank Governor Abdolnasser Hemmati officially denied claims regarding the release of blocked foreign financial assets on Wednesday. He confirmed that Washington has transferred...

Crude Oil Prices Extend Four-Session Rally Amid Regional Tensions

Global energy markets witnessed further upward momentum early Wednesday as crude oil prices extended gains across major benchmark contracts. Indeed, international futures recorded solid...

Brent Crude Climbs Above $91.60 as Persistent Middle East Tensions Fuel Market Uncertainty

Crude oil prices rose during early Tuesday trading as persistent diplomatic uncertainty unsettled international energy markets. Global benchmark Brent crude gained nearly 1%, climbing...

Iran Proposes Expanded Agricultural Trade Cooperation Across Regional Markets

Iran has officially proposed expanded trade initiatives to boost economic cooperation across regional agricultural markets. Deputy Agriculture Minister Akbar Fathi announced these strategic trade...

Oil Holds Steady Near $88 as Middle East Tanker Attacks Threaten Supply Channels

Global crude oil prices held firm during early trading sessions, locking in significant financial gains recorded throughout the previous week. Energy commodities stabilized as international...