21+ hour, 2+ 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, 40+ 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, 26+ 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…...

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…...

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…...

4+ day, 22+ hour ago   (1644+ words) Any vessel entering a designated restricted zone around the Strait of Hormuz, whose exact coordinates will be announced, will face sanctions and lose access to maritime, insurance and support services, IRGC spokesman Hossein Mohebbi said. A new Iranian oil trading…...

4+ day, 22+ hour ago   (1646+ words) A new Iranian oil trading network has been entrusted with selling millions of barrels of sanctioned crude even though its members still owe billions of dollars from earlier sales, according to documents obtained by Iran International and Oil Ministry sources....

5+ day, 21+ min ago   (1615+ words) Iran's exports to Afghanistan have fallen by at least 25% since the US-Iran war began this year, while competitors have moved quickly to expand their share of the Afghan market, the head of the Iran-Afghanistan Joint Chamber of Commerce said on…...