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Today 16:16
‘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.
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Today 16:12
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.