Foreign investment in free zones rises 268% in 11 months on year

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, 2025-February 20, 2026), with an increase of 268 percent compared to the same period of time in the previous year.

Transport minister orders acceleration of commodities transfer from ports

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.

US opinions to confront closing of Hormuz Strait not operational: economic analyst

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.

Renewable power plants with capacity of 2,878 MW under construction in 26 provinces

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 26 provinces of the country.

Exports from Iran’s free zones increase by 14% in 11 months on year

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 (March 21, 2025-February 20, 2026), as compared to the same period of time in the previous year, IRNA reported.

Disruption in Strait of Hormuz paralyzes global economy: intl. energy analyst

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

Automakers produced 735,334 passenger cars in 11 months

TEHRAN- Over 11 months this Iranian year (ends on March 20) automakers produced 735,334 passenger cars, a drop of 74,634 units, equivalent to 9.2%, compared to the same period last year.

ICCIMA research center reports impact of war against Iran on global energy security

TEHRAN- The Research Center of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has published a report on the impact of the imposed war against Iran on global energy security.

Strait of Hormuz importance not limited to crude oil: energy market analyst

TEHRAN- The Iranian Oil, Gas, and Petrochemical Products Exporters Union (OPEX) spokesman and oil and energy market analyst, pointing to the dependence of 700 refineries worldwide on oil produced in the Persian Gulf, believes: The world's dependence on the Strait of Hormuz is not limited to crude oil; gas condensates, liquefied natural gas (LNG), refined petroleum products, and a portion of the region's mineral and petrochemical exports also pass through this route.

Iran warns FAO: Warmongers have endangered countries’ food routes

TEHRAN- In a letter to the Director-General of the Food and Agriculture Organization of the United Nations (FAO), Iran’s Minister of Agriculture warned about the threat to the food security of regional nations posed by American and Zionist aggressors.

Persian Gulf states lose $15b in energy revenues since start of war

TEHRAN- Persian Gulf oil producers have lost an estimated $15.1 billion in energy revenues since the start of US and Israeli strikes on Iran, with millions of barrels of crude trapped by the near-shutdown of the Strait of Hormuz, Financial Times reported on Friday.

‘Iran must be prepared to govern Strait of Hormuz in all dimensions’

TEHRAN- According to a report by Tasnim News Agency, as the American-Zionist coalition's war against the Iranian nation enters its third week, Mehdi Ghazanfari, the Chairman of the Board of the National Development Fund of Iran, has analyzed the events of the past two weeks in the political and economic spheres.

Iran's daily oil production increases by 34,000 barrels in Feb.: OPEC 

TEHRAN- The daily oil production of OPEC member countries, according to the latest report from the organization, increased by 164,000 barrels in February, reaching 28.630 million barrels per day. Iran's share of this increase was 34,000 barrels, which, after Venezuela, represents the highest production growth among member countries.

Supply chain activity, essential goods distribution uninterrupted 

TEHRAN- The spokesperson for the Ministry of Industry, Mining and Trade announced the uninterrupted activity of the supply chain and distribution of livelihood and essential goods for the people, stating that from small retailers to large stores, everyone is active in serving the public.

By Mahnaz Abdi

Iranian ports working round the clock to secure supply chains 

TEHRAN- In a decisive show of operational strength, Iran’s ports are running at full capacity to ensure the uninterrupted flow of essential goods into the country.

Construction of over 2,800 MW of solar power plants underway 

TEHRAN- Despite the imposed war, the construction of 2,878 megawatts (MW) of solar power plants is underway across the country.

‘Private sector fully prepared to meet country’s food needs’

TEHRAN- Stressing the full readiness of the private sector to supply the country's needs under the current circumstances, the Secretary General of the Federation of Iranian Food Associations stated: "The production capacity of Iran's food industry exceeds domestic demand, and the necessary raw materials for production over the next few months have already been secured."

Iranian workers, employers urge ILO, global unions to condemn US-Israeli aggression

TEHRAN- Representatives of the Supreme Council of Iranian Workers Association (SCIWA) in a letter addressed to Gilbert Houngbo, the Director-General of the International Labor Organization (ILO), and Luc Triangle, the Secretary-General of the International Trade Union Confederation (ITUC), while condemning the recent aggression by the USA and Israel against Iran, called for the support of the ILO and the ITUC for the working community of the Islamic Republic of Iran in the face of the overt aggression by the USA and Israel. They declared: "Launch an international campaign demanding the cessation of the recent aggression by the USA and Israel."

New blow to oil market; Iraq's oil production plunges 70%

TEHRAN- Reports indicate that following the escalation of consequences stemming from the outbreak of war in the West Asia, Iraq's oil production has dropped by 70%, Mehr News Agency reported on Monday.

Trade process ongoing, import of goods facilitated

TEHRAN- An official, while pointing out that “we have facilitated the trade process”, said: “Currently, trade is ongoing and the import of goods is being carried out smoothly.”

Free zones, manifestation of dynamism, service in American-Zionist war against Iran

TEHRAN- Diversifying entry points for goods and expanding alternative corridors is the first step towards neutralizing the economic siege and pressure on the main arteries of the national economy. Free zones, by utilizing legal exemptions, play a vital role in this regard, according to an article published by IRNA on Sunday.

‘War exposes global economy to uncontrollable inflation’

TEHRAN- The head of the Energy Committee of the Iran Chamber of Commerce, Industries, Mines and Agriculture stated: ‘Since the start of the American-Zionist war with Iran, we have witnessed a one percent increase in inflation in the world economy, and with its continuation, inflation will follow an increasing and uncontrollable trend.’

Customs authorities’ power to change exit border for transit goods expanded

TEHRAN- The Islamic Republic of Iran Customs Administration (IRICA), in order to facilitate transit under the current circumstances, has delegated the authority to change the exit border or destination customs office for goods in transit to the directors of executive customs offices.

Oil at $150 a barrel not out of question: Barclays

TEHRAN- British bank Barclays has predicted that continued tensions in the West Asia could push Brent crude oil prices to $150 per barrel within the next month.

Goldman Sachs warns oil may surge above $100 if Hormuz flows don’t recover

TEHRAN- Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its basecase forecast are rapidly growing further, Reuters reported on Saturday.

Brent oil on verge of $90, what’s refining advantage of Iran’s oil?

TEHRAN- As the price of Brent crude approaches $90, experts emphasize the advantage of Iran's oil chemical composition and its role in the efficiency of the world's refineries.

War costing U.S. one billion dollars daily

TEHRAN- Hebrew-language sources have announced that the United States is spending one billion dollars daily on the war with Iran, and the Israeli economy is also facing heavy costs.

‘No energy shortages as necessary measures taken’

TEHRAN - The head of the Energy Optimization and Strategic Management Organization, referring to concerns regarding fuel and commodity shortages, said: “With the planning that has been done and the reserves that have been anticipated, we have no shortages.”