Category: 4. Business

US Secretary of Treasury Scott Besant said on Friday that Washington temporarily eased sanctions to allow Tehran to sell crude “it has stored on the water.”

In a statement responding to a “psychological ploy,” the ministry said Iran has…

In a post on his X account, Bessent wrote, “Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea.”

As the cost of oil continues to soar, US…

On the 20th day of the aggression on Iran by the US and Zionist regime, and following the attack on Iran South Pars gas field by the aggressors on Wednesday, Iran retaliated by attacking US-owned energy infrastructure in the neighboring Arab…

TEHRAN- As announced by Iran’s Secretariat of the High Council and the Free Zones Organizations, foreign investment in the country’s free zones reached $1.025 billion during the first 11 months of the current Iranian calendar year (March 21,…

TEHRAN- Iran’s Transport and Urban Development Minister Farzaneh Sadeq ordered the acceleration of transfer of goods from the ports and more use of transport networks capacity, IRNA reported.

According to the Ministry of Transport and Urban…

TEHRAN- Ali Ashraf Afkhami, an economic analyst, believes that the US opinions to confront closing of the Strait of Hormuz are not operational, and the outlook for oil price reduction is weak.

In an interview with IRNA, he said that Iran’s…

A report highlights the significant impact of the US war on Iran on the global economy, noting substantial price increases in oil, natural gas, and gasoline across numerous nations. 

Crude oil prices have surged approximately 50% since the…

TEHRAN- As announced by the deputy head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) for investment and development, renewable power plants with capacity of 2,878 megawatts (MW) are simultaneously under construction in…

TEHRAN- As announced by Iran’s Secretariat of the High Council and the Free Zones Organizations, the value of exports form the country’s free zones has increased by 14 percent during the first 11 months of the current Iranian calendar year…

TEHRAN- Fereydoun Berkashli, an international analyst in the oil and energy sector, believes that disruption in the Strait of Hormuz paralyzes global economy.

In an interview with IRNA, the analyst said that a new storm is being shaped in the…