21+ hour, 1+ min ago   (1673+ words) A member of the Iranian parliament’s Construction Committee said temporary closures by Iraq of the Shalamcheh and Chazabeh border crossings were disrupting trade between the two countries. Mojtaba Yousefi said more than 20 million tons of goods are exported annually through…...

9+ hour, 39+ min ago   (1649+ words) Iran’s southern Bushehr province exported more than $2.36 billion worth of goods between March and August, amid the US naval blockade, state news agency IRNA reported Sunday. Ali Soleimani, the province’s customs chief, said exports totaled 5.1 million metric tons and were…...

23+ hour, 25+ min ago   (1688+ words) Iran’s agreement with Oman on a new maritime route through the Strait of Hormuz “does not in any way mean reopening” the waterway, Iranian Foreign Minister Abbas Araghchi told Al-Araby Al-Jadeed on Sunday. Araghchi said the new route would be…...

1+ day, 1+ hour ago   (1678+ words) Pakistan’s Prime Minister Shehbaz Sharif condemned attacks by the Iran-backed Houthis on Saudi Arabia and its oil infrastructure during a phone call with Crown Prince Mohammed bin Salman on Sunday, Saudi Arabia’s Foreign Ministry said. “The wheels of the economy…...

13+ hour, 33+ min ago   (1665+ words) Oil, gas and Iran economic analyst Foreign investment in Iran has effectively come to a halt following the war with Israel and the United States, with no new foreign investment recorded so far this Iranian year, a senior industry ministry…...

23+ hour, 12+ min ago   (1673+ words) “The wheels of the economy in the margins and dilapidated parts of major cities have long fallen out of rhythm, giving way to a struggle for daily survival,” Iran’s labor-focused ILNA news agency wrote. The report documented growing hardship in…...

1+ day, 10+ hour ago   (1624+ words) Islam Kak Darvishi, the brother of a deputy governor of Iran’s West Azarbaijan province, was killed in an armed attack in the city of Piranshahr, Iranian media reported. The reports said the suspected attacker was identified and arrested by the…...

1+ day, 13+ hour ago   (1645+ words) Middle Eastern oil exporters are finding ways around months of war and shipping disruption, with UAE crude exports back at pre-war levels, according to TankerTrackers.com, which says Iranian exports have effectively vanished. Southern Iraqi exports are now about 33% below…...

3+ day, 12+ hour ago   (1653+ words) The United States on Thursday sanctioned networks it said were helping Iran finance and support allied armed groups across Iraq, Lebanon, the United Arab Emirates and Turkey. “Whether they finance terror, launder money, or help Iran evade sanctions, we will…...

4+ day, 5+ hour ago   (1644+ words) Iran routed an estimated $2 billion to $2.5 billion through a China-based trade mechanism over the past year, using proceeds from oil sales to pay for Chinese goods and, at least once, contracts for military equipment, Reuters reported on Thursday. The barter-like…...