Iran, Kazakhstan emphasize development of trade, transport, industry, mining, logistics co-op

TEHRAN- The Minister of Industry, Mining and Trade of Iran, during a meeting with the Minister of Industry and Construction of Kazakhstan, in Astana, while reviewing ways to develop economic relations, emphasized the implementation of joint industrial projects aimed at increasing the volume of trade between the two countries.

By Mahnaz Abdi

Iran, Tajikistan forge closer economic ties as $1-billion trade target looms

TEHRAN- The closing ceremony of the 18th meeting of the Iran-Tajikistan Joint Economic Committee was held in Dushanbe on May 26. Addressing the meeting, Tajikistan's Minister of Energy and Water Resources, noting a significant increase in trade between Iran and Tajikistan in the first quarter of 2026, called Iran Tajikistan's most important partner in the region and emphasized the development of technological and energy cooperation based on historical commonalities.

President orders to develop alternative trade corridors through northern ports, neighboring countrie

TEHRAN- President Pezeshkian emphasizing the need to maintain market stability and prevent price volatility, ordered the acceleration of activating alternative import routes and maximum use of neighboring countries' capacities.

Energy minister presents 6 strategic proposals for forming a regional water co-op assembly

TEHRAN- Iran’s Energy Minister stated that targeting water and energy facilities is a direct threat to global security and public health, and by presenting six proposals, called for the formation of a regional assembly for water and climate cooperation.

Iran, Spain ready to develop trade cooperation

TEHRAN- The head of Iran's Trade Promotion Organization (TPO), during a meeting with the Spanish ambassador in Iran, announced Iran's readiness to expand trade relations, joint investment, technology transfer, and the dispatch of trade delegations to Spain.

Industry, mining, trade minister departs for Kazakhstan to participate in Eurasian Economic Forum

TEHRAN- The Minister of Industry, Mining and Trade, representing Masoud Pezeshkian, President of Iran, has left for the city of Astana, the capital of Kazakhstan, at the head of a high-level delegation to participate in the 5th Eurasian Economic Forum.

All raw materials needed for production available in country

TEHRAN- The Deputy Minister of Industry, Mining and Trade stated: "All the raw materials needed for production are available in storage within the country, and in addition, imports are being carried out through various channels."

Iran's gas export capacity to thirsty neighboring markets

TEHRAN- Iran, relying on the world's second-largest gas reserves, seeks to expand exports to its energy-thirsty neighbors in order to consolidate its role in regional security and trade.

Petrodollar loop broken as Iran war chokes Persian Gulf wealth

TEHRAN – The escalating war with Iran is doing more than disrupting oil tankers. Analysts warn it is shattering the 50-year-old “petrodollar loop” that has quietly subsidized American borrowing costs and lubricated global finance.

Iran's position in international maritime bodies will be elevated: PMO head

TEHRN- The head of the Ports and Maritime Organization (PMO) cited effective presence and the elevation of Iran's position in the International Maritime Organization (IMO) as one of the serious approaches, and emphasized: "Backed by 5,800 kilometers of maritime border and the history of Iranian seafaring on the high seas, Iran's presence in international forums must be more prominent than in the past."

Strait of Hormuz closure sets stage for global food price shock

TEHRAN- The Food and Agriculture Organization (FAO) warns that the fallout of war on Iran could push millions in the world into hunger within a year.

Signs of Washington's helplessness in managing energy crisis becomes evident

TEHRAN- The US and Israeli military aggression against Iran has so far cost companies and economic enterprises worldwide at least $25 billion in expenses and damages. As this war enters its third month, its economic toll grows larger every day, according to a report by IRNA.

Over 2,100 road maintenance machinery, equipment renovated, reconstructed in a year

TEHRAN- The Director General of the Road Maintenance Operations, Machinery, and Crisis Management Department of the Road Maintenance and Transportation Organization announced the renovation, overhaul, repair, and commissioning of 2,152 road maintenance and winter machinery and equipment in the past Iranian calendar year 1404 (Ended on March 20).

Government policy is to rebuild war-damaged infrastructure: energy minister

TEHRAN- The Energy Minister said the government's policy is to rebuild infrastructure damaged by the aggression of the US-Zionist enemy, and wherever it has been destroyed during this period, it will be rebuilt better than before.

How war on Iran affects world economy beyond energy

TEHRAN – Official data released Thursday reveals that Japanese vehicle exports to West Asia collapsed by more than 90 percent in April, both in value and volume, as the ongoing U.S.-Israeli war against Iran crippled maritime shipping to a region that major automakers such as Toyota and Nissan have long relied upon.

Nearly $6.4m in facilities paid to implement industrial support package

TEHRAN- The Director General of Monetary and Credit Operations of the Central Bank of Iran (CBI) stated: From January 8 to May 4, selected banks disbursed 1,076 trillion rials (about $6,329,411) in facilities across 25,548 cases to support producers affected by the government's new foreign currency policy.

Strategic view of Iran-China rail corridor, a prerequisite for preserving Iran’s position in Silk Ro

TEHRAN- The head of the China Desk at the Ministry of Foreign Affairs of Iran said: “A strategic view of the Iran-China rail corridor is a prerequisite for preserving our country's position in the Silk Road.”

Strait of Hormuz closure shakes Europe: Oil price forecast soars 46%

TEHRAN – The European Commission has issued a stark warning that the effective closure of the Strait of Hormuz – triggered by the ongoing war in West Asia – will drive Brent crude prices to an average of $91.2 per barrel in 2026, a staggering 46% jump from previous estimates. The revised forecast, published Thursday in the EU’s Spring 2026 Economic Outlook, signals what officials call the most severe energy shock to hit Europe since the Russia-Ukraine conflict.

Technical-engineering services, Iran's main advantage in Tajikistan market

TEHRAN – The commercial attaché of Iran in Tajikistan, referring to the envisioned roadmap for Iran-Tajikistan trade exchanges, stated that Iran's main advantages in this market are providing technical and engineering services, industrial technologies at competitive prices, cultural proximity, and the capability to implement joint projects.

Reconstruction of war-damaged units accelerated with special mechanisms

TEHRAN- The The Minister of Industry, Mining and Trade, referring to the damages inflicted on some industrial units of the country during the "Third Imposed War," said: The reconstruction process of damaged units must be pursued with greater speed, and achieving this goal requires coordination between the government and parliament to formulate and grant special authorities and mechanisms.

Wall Street on edge as Iran conflict fuels inflation fears

TEHRAN – According to information published by Bloomberg, the ongoing conflict involving Iran is sending shockwaves through American financial markets. Top economic experts warn that the Federal Reserve may be forced into a sharp series of interest rate hikes to combat resurgent inflationary pressures.

Power grid ready for summer with focus on consumption management

TEHRAN- The managing director of Iran's Power Generation and Distribution Company (known as TAVANIR) has announced the power grid's readiness for the summer peak load, the development of renewable energy sources, and the implementation of a restriction program for high-consumption subscribers.

Iran-China rail corridor has annual transit capacity of 1m tons of cargo

TEHRAN- A railway expert said that Iran-China commercial train frequency to one daily train would enable cargo movement of one million tons per year.

Global oil reserves depleting rapidly amid Hormuz crisis

TEHRAN- The world is facing an "energy countdown" as global oil reserves decline at an unprecedented pace, driven by IEA warnings and the ongoing crisis in the Strait of Hormuz. The International Energy Agency (IEA) has cautioned that commercial oil inventories may only last a few weeks, urging markets to recognize the severity of the situation.