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.
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.
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 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 has begun receiving Iranian oil and fuel after Ukrainian drone strikes on refineries reduced Russian exports to Central Asia, according to several outlets.
Iranian Foreign Minister Abbas Araghchi hosted a senior delegation from Tajikistan in Tehran on Saturday. Both nations held direct diplomatic talks to strengthen economic...
Iranian provincial authorities abruptly suspended a pilot fuel pricing initiative in Kerman hours after its initial announcement. Consequently, officials confirmed that gasoline distribution will...
Iran will soon join the BRICS New Development Bank to expand regional financial cooperation and trade links. Central Bank of Iran Governor Abdolnasser Hemmati...
Oil prices rose on Tuesday after U.S. President Donald Trump rejected Iran’s conditions for reopening the Strait of Hormuz. The development raised concerns about...
Oil prices increased in Asian trading as uncertainty continued over the possible reopening of the Strait of Hormuz. The move followed a sharp decline...
Iran and Azerbaijan are expanding economic cooperation through new customs agreements, infrastructure projects and investment initiatives. The partnership aims to increase trade while strengthening...