Turkey, 3rd top non-oil export destination of Iran in a year

TEHRAN- According to a report released by the Islamic Republic of Iran Customs Administration (IRICA), Turkey was the third top destination of Iran’s non-oil products in the past Iranian calendar year 1404 (ended on March 20).

Global economic bodies unite to assess US-Israeli war with Iran fallout on energy, food

TEHRAN- After the US and Israel attacked on February 28, Iran effectively closed the Strait of Hormuz, sending the price of crude oil and liquefied natural gas sharply higher.

Trump's threats stem from a strategic deadlock: economic expert

TEHRAN- An economic expert, referring to the recent statements and threats by the US President against the Iranian nation, attributed these positions to behavioral instability and a lack of a clear strategy on the American side. He emphasized that the management of the Strait of Hormuz and recent war developments have exposed the global energy market and the economies of European and industrialized countries to serious inflationary pressures.

‘Attack on critical infrastructure is a clear violation of international law’

TEHRAN- Iran’s vice president and head of the Organization for Optimization and Strategic Management of Energy, referring to the attack on public infrastructure, emphasized: Even if military use is claimed, under international law such attacks are only permitted under very limited circumstances, and the principles of "proportionality" and "precaution" must be observed—principles that have been ignored in many of these attacks.

Trade minister announces round-the-clock management to supply goods, control market

TEHRAN- The Minister of Industry, Mining and Trade stated that the central headquarters of the ministry was formed in the very first hours of the war, adding: "The managers, deputies, and staff of this ministry have been present at their workplaces around the clock, without leaving the field for a single moment."

Global economy at risk: The price of a US-Israeli war on Iran

TEHRAN- As tensions escalate between the US-Israeli alliance and Iran, economists are warning of a seismic shock to the global economy.

Petrochemical revolution: Iran's 37% production jump on horizon

TEHRAN- Based on formulated strategic plans, Iran’s petrochemical industry will see a 37% leap in production capacity by the Iranian year 1412 (2033–2034) through the implementation of 66 new projects and the completion of 45 semi-finished projects.

By Mahnaz Abdi 

Renewable energy expansion accelerates; several solar, wind farms to join grid by July 

TEHRAN- The technical and engineering deputy of SATBA (Iran's Renewable Energy and Energy Efficiency Organization) on Saturday announced progress in the construction of several solar and wind power plants across the country, stating that some of these projects will come online by July.

‘Iran, with a population of 90 million, has no shortage of essential goods’

TEHRAN- The Minister of Agriculture, referring to the experience of a challenging year marked by two wars, stated that despite having a population of 90 million, Iran has so far faced no shortage in the supply of essential goods and food.

Strait of Hormuz leverage shakes global economies as energy crisis escalates

TEHRAN- The management of the Strait of Hormuz by Iran has emerged as a powerful economic lever capable of reversing growth trajectories in major economies. 

OPEC oil output plunges over 7m barrels in March amid Hormuz disruption

TEHRAN- A recent Reuters survey has revealed that OPEC's crude oil production in March 2026 fell by more than 7 million barrels per day (bpd) compared to February, marking the lowest output level since the height of the COVID-19 pandemic in June 2020.

Global economy reels as US-Israeli war on Iran enters critical phase

TEHRAN – The long-feared coordinated US-Israeli military strike against Iran is no longer a distant scenario. It has begun.