Tag: Economy
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.
Best Pizza Cheese for Melting and Stretchiness
When it comes to pizza, cheese is not just a topping; it is the foundation of texture, flavor, and visual appeal. The perfect pizza cheese should melt smoothly, stretch generously when sliced, and complement the crust and sauce. Achieving that iconic cheese pull depends on protein structure, moisture content, fat levels, and how the cheese…
Iran accelerates joint oil, gas fields development in 2 years
TEHRAN- According to IRNA, Iran holds approximately 158 billion barrels of proven crude oil reserves—ranking third or fourth in the world—and over 32 trillion cubic meters of natural gas reserves, placing it second globally after Russia, making it one of the world’s primary energy hubs. This hydrocarbon wealth is largely concentrated in the Zagros sedimentary…
Pakistani ambassador hails Iran’s crash test center as successful private sector model
TEHRAN – Pakistan’s ambassador to Iran has described the crash test center as a successful example of Iran’s private sector, stating: “We can begin this cooperation by drafting and signing a preliminary agreement. We hope that conditions will soon move in a direction that allows us to provide the necessary and additional infrastructure to expand…
Economic siege will not halt Iran’s trade: ICCIMA official
TEHRAN- The head of the Customs Committee of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), emphasizing that sanctions and economic sieges cannot completely halt the country’s foreign trade, said: Given Iran’s geographical location, geopolitical capacities, and numerous neighbors, the country has diverse routes available to continue its trade exchanges.