Oil minister orders transformation in gas industry

TEHRAN- For the first time, by order of Oil Minister Mohsen Paknejad, the reconstruction of the Assalouyeh and Fajr Jam refineries has been assigned to the Iranian National Gas Company (NIGC) — an important step toward strengthening domestic capability and integrated management.

IRENA director-general explicitly condemns attack on Iran's energy infrastructure

TEHRAN- The official response from the Director General of the International Renewable Energy Agency (IRENA) to the letter from Iran's Minister of Energy regarding the damages caused by hostile attacks on the country's energy infrastructure has been received.

Painful triple blow: How Iran crisis hurts world’s poor

TEHRAN- According to a recent Financial Times report, the military aggression by the United States and the Zionist regime against Iran has inflicted what the newspaper calls a “painful triple blow” on poor countries.

Nearly 16.7m tons of commodities transited via Iran’s roads in a year

TEHRAN- The head of the Road Maintenance and Transportation Organization announced the transit of 16,696,751 tons of goods through Iran's land borders in the year 1404 (starting March 2025).

Iran’s capacity of renewables exceeds 4,500MW

TEHRAN- According to a report by SATBA, the capacity of the country's renewable power plants has surpassed 4,500 megawatts, and planning is underway to achieve a capacity of 7,000 megawatts by the peak load of next year.

The 700-million-barrel shock: How a Strait closure could unleash an unprecedented energy crisis

TEHRAN- Based on the projection from the Kepler Institute, by the final week of April, the cumulative deficit in oil supply resulting from the closure of the Strait of Hormuz will hit 700 million barrels.

Over 8m tons of goods loaded, unloaded in Hormozgan ports during war

TEHRAN- The Governor of Hormozgan has reported over eight million tons of cargo loading and unloading operations in 12 ports of the province during the third war of aggression.

Facilitating processes, designing alternative corridors to manage trade in wartime

TEHRAN- Since the beginning of the third war of aggression, the government has placed the facilitation and acceleration of the country's trade on its agenda, so that while removing obstacles related to import facilities for essential goods, it has also replaced traditional methods with new trade corridors.

Billion-dollar quake: How an invasion is reshaping global order

TEHRAN- What begins as a military confrontation in the Persian Gulf never stays there. Two months into the second joint American and Israeli campaign against Iran, the world is waking up to a harsh reality: the shockwaves have escaped the energy markets and are now tearing through global supply chains, food security, and the economic stability of nations.

‘US aggression has cast a shadow over global, regional food security’

TEHRAN- Iran’s Minister Agriculture, stating that American aggressions pose a serious threat to achieving the "Zero Hunger" goal, said: "The illegal war by the United States and the Zionist regime in the region has cast a shadow over global and regional food security and has disrupted the supply chain, especially in the energy fuel and fertilizer markets."

Iran's naval blockade worsens global inflation

TEHRAN- The Secretary General of the Shipping and Related Services Association of Iran said that a naval blockade of Iran will only lead to worsening global inflation, exacerbating the global fuel shortage, and causing immense international losses for all countries.

Strategic imperative of Strait of Hormuz

TEHRAN- Maximizing the use of the Strait of Hormuz's capacities is a strategic necessity for Iran. On the other hand, the legal regimes governing waterways enable countries to effectively leverage their geopolitical capacities. Rather than viewing this critical chokepoint solely through the narrow lens of toll collection, Tehran must redefine the strait as a multifaceted strategic asset.

Despite naval blockade, no problem in supplying essential goods, food

TEHRAN- The Minister of Agriculture stated that despite the naval blockade imposed by the United States, there is no problem in supplying essential goods and food because, due to the country's vast size, imports can be carried out through various borders.

By Mahnaz Abdi

Iran, Turkmenistan forge closer ties amid regional turbulence

TEHRAN- In a telephone conversation between Iran's Minister of Transport and Urban Development and Turkmenistan's Minister of Foreign Affairs, both sides stressed the strengthening of economic and transit cooperation, while Ashgabat announced the continued openness of borders and the development of joint projects.

Economic policy in wartime: Assessing state of mother industries & energy

TEHRAN – An economic expert has outlined the consequences of a 40-day war on Iran's mother industries and energy infrastructure, while explaining the requirements of economic policy in the current era, IRNA reported. As Iran enters a two-week ceasefire, the country's economy faces challenges after enduring a 40-day imposed war (following an initial 12-day battle).

Hidden casualty of U.S.-Israeli war on Iran: Global logistics

TEHRAN- What began as targeted military strikes has rapidly escalated into a full-blown geopolitical earthquake. The U.S.-Israeli war against Iran, initially framed as a strategic countermeasure, is now revealing itself as one of the most destructive events for global logistics in modern history.

By Mahnaz Abdi

Iran’s trade with ECO members rises 82% in 5 years

TEHRAN – Iran has recorded an 82 percent growth in trade with members of the Economic Cooperation Organization (ECO) over the past five years, a senior trade official announced this week, reaffirming Iran's commitment to strengthening regional economic ties despite ongoing challenges.

Strait of Hormuz crisis: A looming food security time bomb

TEHRAN- The world is holding its breath. With the escalation of the US-Israeli war on Iran, the strategic Strait of Hormuz, a narrow waterway through which a fifth of global oil passes, has effectively been closed. While the immediate crisis is measured in halted tankers and rising energy prices, the United Nations warns that the real detonation will be a "food security time bomb" felt not just at gas pumps, but in supermarket aisles worldwide.

‘Petro-Yuan’: A silent earthquake in global economy

TEHRAN- Simultaneously with the escalation of geopolitical tensions in the Persian Gulf and the halt of vessel traffic in the Strait of Hormuz, media outlets have reported on China's decision to conclude oil contracts based on the Yuan with Persian Gulf countries, a move that analysts have interpreted as a challenge to dollar hegemony and a silent earthquake in the global economy.

Government, private sector determined to support market, production

TEHRAN- The Deputy Secretary of the Tehran Provincial Council for Dialogue between Government and the Private Sector has announced an examination of the challenges and crises caused by the war in the trade sector, aiming to expedite the processes of order registration and import of essential goods.

Iran’s annual steel production increases 6%

TEHRAN- According to the statistics of the Iranian Steel Producers Association (ISPA), steel production in Iran during the past Iranian calendar year 1404 (ended on March 20) has recorded a growth of over six percent.

Petchem exports hits $150.6b in 15 months during 14th government

TEHRAN - Iran’s petrochemical industry has solidified its sustainable growth trajectory under the 14th government, breaking new records in net sales, exports, and production capacity expansion.

Iran war a concern for senior central bank officials; Stagflation looming over world

TEHRAN- In a report aggregating the concerns of central bank policymakers worldwide about the Iran war, CNBC wrote on Saturday: If the war drags on, rising inflation will likely lead to stagflation, and that is bad news for the world.

War on Iran shrouds global economic policy in deepening fog

TEHRAN – The ongoing war between the US-Israel alliance and Iran has plunged global economic policymaking into deep uncertainty.

Wheat production, harvest increase

TEHRAN- A member of the Pricing Council for Basic Agricultural Products has announced an increase in wheat production for the 2025–2026 crop year, predicting that approximately 14 million tons of wheat will be harvested in the country this year.

‘Global energy markets future: Capital flight from Persian Gulf energy industries’

TEHRAN- An international expert on oil and energy, emphasizing that due to domestic conditions in the U.S., Trump wants nothing more than to end the Strait of Hormuz issue as quickly as possible with a triumphant display, said: "Beyond current prices, capital flight from the oil and gas industries of Persian Gulf countries is now a larger problem, fueling uncertainty about the future of the energy market."