Today News
  • Page 4 Yesterday 14:30

    Iran-Turkey trade should reach $30b: ICCIMA head

    TEHRAN- The head of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), referring to the close ties between Iran and Turkey and the significant opportunities for trade and industrial cooperation between the two countries, said: Trade between Iran and Turkey should reach 30 billion dollars.

  • Page 4 Yesterday 14:25

    From Dubai dream to an economic nightmare; promises that turned to smoke

    TEHRAN- Imagine spending years saving money and time to build a tall tower by the sea; the tower becomes so famous that every investor in the world wants to buy a unit in it. But suddenly, a war breaks out in the neighborhood, and investors flee; your stock value plummets, and you suddenly realize that the one who promised to protect you has left you alone.

  • Page 4 Yesterday 14:20

    Loss of 1b barrels due to Iran war will slow oil market recovery, Aramco CEO warns

    TEHRAN- The global oil market faces a prolonged recovery following the loss of approximately one billion barrels of crude over the past two months, the CEO of Saudi Aramco has warned. Even if key shipping routes are reopened, energy markets will take time to stabilize, according to a Reuters report published on Sunday.

  • Page 4 2026-05-10 15:37

    Pistachio export increases 250% in a month on year

    TEHRAN- Deputy Minister of Horticulture at the Ministry of Agriculture said: "In the first month of the current Iranian calendar year, Farvardin (March 21-April 20), pistachio exports increased by more than 250 percent compared to the same period last year, reaching 5,363 tons.

  • Page 4 2026-05-10 15:34

    Intensified production competition with UAE's exit from OPEC: analyst

    TEHRAN- An international oil and energy market analyst, stating that the UAE chose the worst time to leave OPEC, believes: "The world's energy market is now more than ever dependent on supply and demand conditions, and although the UAE's exit from OPEC does not threaten OPEC, it fuels competition among oil producers."

  • Page 4 2026-05-10 15:25

    World economy edges toward crisis as Iran standoff drains oil supplies

    TEHRAN- The global economy is moving into dangerous territory as the two-month conflict between the United States and Iran continues to choke oil shipments through the Strait of Hormuz, according to an analysis published on Saturday by The Globe and Mail.

  • Page 4 2026-05-09 13:04

    ICCIMA board member mentions 3 post-war economic scenarios

    TEHRAN- A member of the board of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) explaining three possible scenarios for the economic situation in the post-war period, said: Two months have passed since the military aggression of the American-Zionist coalition against Iran, and now all countries are affected by its consequences, such that the Strait of Hormuz has shown that it impacts not only the countries of the region but the entire global energy cycle, including America.

  • Page 4 2026-05-09 12:39

    US appliance giant Whirlpool warns Iran war triggering recession-level slump

    TEHRAN- Appliance giant Whirlpool says the Iran war has caused a “recession-level industry decline” in the US, driven by a collapse in consumer confidence in late February and March.

  • Page 4 2026-05-09 12:38

    Iran's naval blockade has no legal logic, main goal is pressure on China: economic expert

    TEHRAN- An economic analyst said the US behavior in the naval blockade not only has no compliance with international law, but one of its main goals is to exert economic pressure on China and endanger its energy supplies.

  • Page 4 2026-05-08 06:24

    Ministers investigate ways to facilitate goods unloading, clearance from ports, borders

    TEHRAN- The Ministers of Transport and Urban Development and of Economic Affairs and Finance, along with their deputies, held a joint meeting to discuss strategies for facilitating the unloading and clearance of goods from ports and borders, as well as utilizing alternative corridors to supply essential goods.

  • Page 4 2026-05-08 06:21

    Fragile engines of growth: Why Iran war threatens both AI, US consumer

    TEHRAN- The US economy is increasingly driven by two concentrated engines, soaring AI investment and resilient consumer spending, but Bank of America warns this dual-engine setup is uniquely vulnerable to the ongoing Iran war.

  • Page 4 2026-05-08 06:02

    By Sahar Dadjoo

    Global economy faces structural shock from Iran war: Finnish economist

    TEHRAN- In this exclusive interview with Tehran Times, Tuomas Malinen, Finnish economist, CEO of GnS Economics, and associate professor of economics at the University of Helsinki, examines the global economic consequences of the recent Israel–U.S. attack on Iran. Known for his work on financial instability and macroeconomic cycles, Malinen argues that the escalation represents a systemic shock extending far beyond the West Asia. He highlights rising risks in energy markets, supply chains, inflation, and sovereign debt stability. According to him, prolonged instability in the Persian Gulf region, a key energy and geopolitical hub, could intensify global uncertainty and weaken already fragile economic growth prospects worldwide.

  • China 2026-05-06 11:52

    Beijing defies Washington, blocks Iran oil sanctions in landmark move

    TEHRAN – In a stunning diplomatic escalation days before a planned visit by Donald Trump, China has officially nullified American sanctions against buyers of Iranian crude oil, declaring that Washington's unilateral measures hold "no enforcement value" on Chinese soil.

  • Page 4 2026-05-06 09:07

    Ministers of industry, economy, labor emphasize urgent support for production

    TEHRAN- In a joint meeting between the Minister of Industry, Mining, and Trade and the Ministers of Economic Affairs and Finance, and Cooperatives, Labor, and Social Welfare, the latest state of the country's production, the damages caused by the third imposed war, and the most significant obstacles facing the industry and production sectors were reviewed.

  • Page 4 2026-05-06 09:03

    Global oil stocks approaching 8-year low, depletion speed a concern: Goldman Sachs

    TEHRAN – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said, warning that the speed of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted.

  • Page 4 2026-05-06 09:00

    War on Iran triggers geopolitical earthquake; hitting neighbors, poor nations hardest

    TEHRAN – The war launched by the United States and Israel against Iran has not only targeted Tehran. The closure of the Strait of Hormuz, the world's main energy artery, is now putting immense pressure on numerous countries, with Iran's neighbors and poor Asian nations emerging as the biggest victims.

  • Page 4 2026-05-05 10:26

    ‘Oil supply shock with Iran's control of Strait of Hormuz, depletion of US reserves’

    TEHRAN- In one of the most tense periods in the history of the energy market, Iran's authority in the Strait of Hormuz and the unprecedented crisis in US oil reserves have plunged the world into a new era of supply shock.

  • Page 4 2026-05-05 10:26

    Facilitating business processes necessary to support production: IRICA head

    TEHRAN- The head of the Islamic Republic of Iran Customs Administration (IRICA), emphasizing the vital role of customs in supporting production, trade, and people's livelihoods, stressed the continuation of structural reforms, process digitalization (intelligentization), and facilitating the clearance of essential goods.

  • Page 4 2026-05-05 10:14

    US economy feels heat as war on Iran backfires

    TEHRAN– Official reports from the United States indicate that the economic consequences of the American-Israeli war on Iran are becoming painfully visible on domestic soil, turning into a major nightmare for Trump and his allies.

  • Page 4 2026-05-04 12:50

    Iran’s annual semi-finished steel production increases 6.2%

    TEHRAN- According to the statistics of the Iranian Steel Producers Association (ISPA), semi-finished steel production in Iran during the past Iranian calendar year 1404 (ended on March 20) increased by 6.2 percent.

  • Page 4 2026-05-04 12:47

    Necessary measures considered to secure essential goods: CBI governor

    TEHRAN- The Governor of the Central Bank, referring to the necessary forecasts for securing essential goods, stated that the government has tried with all its might to ensure no shortages occur in essential goods and medicine, and the necessary actions have been taken in this regard.

  • Page 4 2026-05-04 12:44

    Strait of Hormuz governance should be pursued by leveraging private sector capacities

    TEHRAN- The head of the Corporate Governance Commission of the Tehran Chamber of Commerce, Industries, Mines, and Agriculture, referring to the importance of the Strait of Hormuz as a national asset, called for designing targeted mechanisms to utilize the capacities of this waterway in the post-war period.

  • Page 4 2026-05-04 12:40

    War with Iran ignites factory inflation, U.S. production costs hit 4-year high

    TEHRAN- Since the outbreak of the joint US-Israel war against Iran on February 28, American factories have faced severe cost pressures.

  • Page 4 2026-05-03 14:43

    Post-war economic growth scenarios

    TEHRAN- An economic expert believes that if Iran's authority over the Strait of Hormuz continues and compensation is received from the aggressor countries, not only will infrastructure reconstruction proceed quickly, but it will also be possible to achieve economic growth above 6–8 percent and automatically lift sanctions.

  • Page 4 2026-05-03 14:40

    Iran war: Trump's most expensive economic mistake for Europe

    TEHRAN- The aggression of the American-Zionist coalition against the Iranian nation has not only transformed the military and political equations of the region but has also had deep and widespread effects on the economies of various countries, including the major economic powers in Europe that were considered Trump's allies.

  • Page 4 2026-05-03 14:36

    $25bn or $1tn? Hidden price tag of America’s war on Iran

    TEHRAN- As the US-Iran conflict enters its third month, a heated clash on Capitol Hill has revealed a staggering discrepancy between the Pentagon’s official figures and the projected economic reality of the war, potentially reaching $1 trillion.

  • Page 4 2026-05-03 14:24

    Iranian engineers set 99-day record for power plant unit installation

    TEHRAN – Iranian engineers have set a new record by reducing the installation and commissioning time of a large-scale Class E gas power unit to 99 days, significantly below the global benchmark of seven to eight months, a senior official said.

  • Page 4 2026-05-02 13:18

    Rooftop solar power plants development to be facilitated

    TEHRAN- The Deputy Minister of Energy and head of the Organization for Renewable Energy and Energy Efficiency (SATBA), referring to the Ministry of Energy's policies in the field of renewable energy, said: "The development of rooftop solar power plants is one of the priorities of this ministry, and in this regard, efforts are being made to facilitate the construction process of these power plants by providing facilities to applicants."

  • Page 4 2026-05-02 13:14

    Record for transporting essential goods from ports broken during Ramadan War

    TEHRAN- The Minister of Transport and Urban Development announced that the record for transporting essential goods from ports during the Ramadan War has been broken compared to the 12-day war, with a 20% increase in the clearance and unloading of goods. She also expressed gratitude for the support of the President and the efforts of public transport drivers.

  • Page 4 2026-05-02 13:11

    Hidden cost of war: How Iran conflict is crushing world’s poor

    TEHRAN- When wars are reported, the focus is often on military tactics, territorial gains, or great power rivalries. But far from the battlefields, a silent and devastating crisis is unfolding, one that is pushing millions of the world's poorest people closer to starvation.