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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.
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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.
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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).
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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).
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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.
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Defining alternative trade routes necessary: TPO official
TEHRAN- The Director General of the Preparation and Support Office of the Iran Trade Promotion Organization (TPO), while addressing the importance of identifying trade corridors, emphasized the need to redefine new corridors with the aim of reducing cost and time in trade.
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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.
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By Saied Reza Ameli
Economic might of Hormuz: Redefining an Iran-centric West Asia’s economic order
TEHRAN- In the collective memory and civilizational consciousness of the Iranian people, the Strait of Hormuz stands as the central pillar of both economic sovereignty and national identity. Years before any physical confrontation, the Martyred Leader of the Islamic Revolution, Grand Ayatollah Khamenei (RIP), asserted Iran’s absolute authority over this strategic waterway, rejecting any foreign claim or intervention (Grand Ayatollah Khamenei, 2016). Indeed, since the Achaemenid Empire—when strategic ports and maritime corridors along the Persian Gulf shores first linked disparate civilizations—this artery has remained the lifeblood of Iranian prosperity and regional influence.
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Iran, Turkey discuss ways to remove challenges in bilateral customs cooperation
TEHRAN- A joint meeting between the heads of the customs administrations of Iran and Turkey was held at the Bazargan-Gurbulak border.
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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.
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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.
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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.
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Industry, mining, trade ministry taking special measures to supply raw materials for industries
TEHRAN- The Advisor to the Minister and Director General of the Ministerial Office of the Ministry of Industry, Mining and Trade announced the full readiness of the ministry to meet the needs of industries and said: "By adopting necessary measures to supply raw materials for the steel and petrochemical industries and offering them on the Commodity Exchange (capital market), the continuity of production and market stabilization will be guaranteed."