Category: economy
Activating border crossings, expand mining capacity necessary in Ilam: industry minister
TEHRAN- The Minister of Industry, Mining and Trade emphasized the need to strengthen the Mehran border crossing and activate other crossings and border markets in Ilam, stating: “We must utilize the capacity of cross-border trade laws and, by developing border markets, increase the province’s share of the country’s trade.”
Oil minister details two-year achievements: flare gas up, exports unbroken, production rising
TEHRAN- Iran’s Oil Minister Mohsen Paknejad has reported significant progress in the country’s oil and gas sector during the first two years of the 14th government.
‘Forex, trade policies must be reviewed in line with current conditions’
TEHRAN- The Head of Iran’s Export Confederation, stating that the country’s foreign trade conditions are no longer comparable to the past following the recent imposed war and subsequent developments, said: “Under current circumstances, continuing past policies in the areas of exports, imports, and currency repatriation is no longer effective, and a review of forex and…
‘Arvand Martyrs Bridge is just beginning of a larger development path’
TEHRAN- The Secretary of the Supreme Council of Free Trade and Special Economic Zones, emphasizing the need to continue the development process in the Arvand Free Zone, stated that the inauguration of the Arvand Martyrs Bridge is not the end of a construction project, but rather the beginning of a larger path for implementing infrastructural,…
ICCIMA, IRU examine routes for facilitating money transfer
TEHRAN- The President of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) during a webinar meeting with the new Secretary-General of the International Road Transport Union (IRU), examined routes for facilitating money transfers between the Iran Chamber and the IRU.
From naval blockade to land corridors: Iran’s strategic pivot
TEHRAN- Iran’s maritime trade has faced serious disruption due to geopolitical tensions and sanctions, but this challenge has unexpectedly accelerated the development of land-based transit routes. What initially appeared as a strategic vulnerability—over-reliance on the Strait of Hormuz—is now forcing a fundamental shift in the country’s trade infrastructure. The result could transform Iran from a…
Iran has bypassed US naval blockade: oil minister
TEHRAN, Sep. 04 (MNA) – Iranian oil minister Minister Mohsen Paknejad says Iran’s crude oil exports continued without interruption throughout the 40-day war, despite attacks on oil and gas infrastructure and the US naval blockade.
Ghalibaf warns Bessent over US oil reserves, bond yields
TEHRAN, Sep. 03 (MNA) – Parliament Speaker Mohammad Bagher Ghalibaf has warned US Treasury Secretary Scott Bessent that rapidly declining strategic oil reserves, rising US Treasury yields and surging oil prices will endager the US economy.
China’s support for Iran shows its limits as US ramps up pressure on Tehran
Beijing's support for Tehran is balanced against other relationships in the region, analysts say.
Asia looks to store oil, gas closer to home after Strait of Hormuz crisis
Asian economies are racing to build up storage capacity to reduce their exposure to conflict in the Middle East.