Largest rooftop solar power plant in capital inaugurated

TEHRAN- The Ministry of Energy announced that the construction and operation of the 2-megawatt solar power plant at the Tehran Permanent International Fairground has been completed, with full connection to the national electricity grid.

‘War is biggest threat to rights of workers; ILO must not remain indifferent to war’

TEHRAN- Ahmad Meidari, Minister of Cooperatives, Labor, and Social Welfare, speaking online at the 114th session of the International Labor Conference, emphasized the far reaching consequences of war on the lives of workers and human societies, calling war the greatest threat to decent work, social justice, and the well being of humanity.

‘Iran must define a new legal, economic regime for Strait of Hormuz’

TEHRAN- An economic analyst believes: The opportunity that has arisen today in the shadow of Iran's exercise of sovereignty over the Strait of Hormuz must be pursued within the framework of a legal and economic regime appropriate to the region's security and strategic conditions in order to consolidate Iran's sovereignty over this waterway.

OECD warns of global recession if war against Iran disrupts oil route until 2027

TEHRAN- A new report from the Organization for Economic Cooperation and Development (OECD) paints a grim picture of the world economy if the ongoing conflict in West Asia escalates and leads to a prolonged shutdown of the Strait of Hormuz.

Foreign investment attraction up 531% in free zones in 11 months on year

TEHRAN- Foreign investment attraction increased by 531% in Iran’s free zones during the 11-month period from March 21, 2025 to February 19, 2026, as compared to the same period of time in the past year, while attracted domestic investment witnessed a 125-percent growth in the mentioned time span.

From Strait of Hormuz to Sea of Oman: A new strategy for sustainability of Iran's trade

TEHRAN- The disruptions created in the Strait of Hormuz have doubled the importance of developing alternative trade routes; a path that those active in the economy fields consider Oman and the transit capacities of Jask to be among its most important opportunities.

Strait of Hormuz & birth of a new West Asian order

TEHRAN- Instability in Iran, sooner or later, transfers the costs of uncertainty to the entire region; just as Iran's stability and economic integration can reduce systemic risk in West Asia. This very issue has led many Arab governments of the Persian Gulf to gradually conclude that regional stability will be possible not through the elimination of Iran, but through establishing a stable and manageable relationship with Tehran.

US aggression on Iran sparks gasoline crisis, record price hikes at home

TEHRAN- A Reuters report has revealed that US gasoline inventories are facing a near-record decline, sounding a stark alarm for fuel markets as seasonal demand peaks.

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.

Geopolitics over supply: Why Iran-US talks now drive global oil prices

TEHRAN- The recent analysis by the international oil and energy market experts highlights that global crude prices have become dangerously dependent on the outcome of diplomatic talks between Iran and the United States. According to the analysts, the traditional market drivers of supply and demand have taken a backseat to geopolitical forces, with the Iran-US negotiation table now representing the single most sensitive variable for oil markets.

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.

S. Korea Cooperation Agency supports upgrading Iran's skill training equipment

TEHRAN- Cooperation between Iran and South Korea has begun to improve the level of technical equipment and training.

By Pooya Firouzi & Morteza Soltanpour Abyaneh

Preserving specialized human capital: Lessons from South Korea for Iran’s economic recovery

TEHRAN– Facing post-war conditions and large-scale economic reconstruction requires the definitive protection of a country's most critical asset: "specialized human capital." In the face of major economic shocks and structural demand declines, the traditional and passive approach of governments often focuses on paying "unemployment benefits" after mass layoffs have occurred. This strategy not only imposes a heavy financial burden on the public budget but also leads to the waste of organizational skills, a decline in the national employer brand, and triple the cost of rehiring during boom periods.

Slab production increases 10.2% in a year

TEHRAN- According to the statistics of the Iranian Steel Producers Association (ISPA), production of slab in Iran increased by 10.2 percent during the past Iranian calendar year 1404 (ended on March 20), as compared to the preceding year.

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."

Over 66,000 residential units ready for inauguration

TEHRAN- The Deputy Minister of Housing and Construction of the Ministry of Transport and Urban Development announced that more than 66,000 residential units across the country are ready to be inaugurated and handed over to applicants.

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."

By Mahnaz Abdi

Iran launches plan to equip 12,000 schools with solar power plants

TEHRAN – In a major step toward expanding renewable energy infrastructure, Iran has officially begun a nationwide project to install solar power systems in 12,000 schools. The initiative, with a total capacity of 60 megawatts, aims to reduce pressure on the national grid, promote clean energy, and enhance energy security in the education sector.