Tag: Iran
Will Iranian supply decrease the Oil prices?
Oil prices were mostly steady on Monday on growing demand in the northern hemisphere's summer driving season. Still, traders propped for a return of...
Iranian Supply Prospect Offsets Demand Optimism
Brent was higher 3 cents, or less than 0.1%, to $68.68 a barrel by 1027 GMT, and U.S. West Texas Intermediate (WTI) crude was...
Banking Sanctions and its Impact on Iran
The chance of dismantling banking sanctions and unfreezing billions in forex assets in foreign banks represents the main driving force behind the sharp decline...
Does launching FX bourse answer Iran’s currency dilemma?
Iran has a long-standing problem when it comes to foreign currency exchanges. However, many analysts criticized the Central Bank of Iran (CBI) policies in...
Crypto Mining in Iran and Local Authorities
Companies around the globe are willing to invest in crypto mining. However, due to U.S. sanctions, it won’t be easy to find companies that...
Iran, Industrial-Scale Power Plants and Bitcoin Mining
The state of the local economy was dar from being ideal even before the coronavirus pandemic. As a reminder, U.S. sanctions caused serious damage...
The US intrudes Iranian fuel deliveries to Venezuela
According to US officials, the Trump administration suspended Iranian fuel deliveries to Venezuela. The US threatened sanctions on ships that were carrying the cargo. The...
Iran’s gas production rate declined to the lowest since 2012
Iran's National Archives' official statistics showed that since 2017, Iran's gas production increased by only 2.85 %. It's the lowest growth rate since 2012. Mehdi...
National Copper Company of Iran Plans for Production Jump
According to the director of the National Iranian Copper Industries Company, it has been working to provide a platform for more production and investment...
Iran’s export to EAEU rises 72% in 10 months
During the first ten months of the current Iranian calendar year, the value of Iran's exports to the EAEU climbed 72 %, compared to...
Rice Prices Up in Iran – Delay in Customs Clearance Process
The cost of rice in Iran is going to see upward movements. The rise in the trade cost of the product is caused by...
Iran Wants to Stop Importing Rice from India and Pakistan
Mahmoud Vaezi, the Customs service office spokesman in Iran, told reporters that weather conditions this year have been favorable for the cultivation and production...
Swiss Franc Shines as Iran Sets to Attack Washington
The Swiss franc's safe-haven appeal shined yesterday as Washington and Tehran continued to clash heads. Unfortunately, the conflict between the two failed to lift...
Oil Petroleum Prices Jump as Middle East Tensions Tighten
Oil petroleum prices jump by almost three percent in today’s trading sessions, thanks to the Middle East conflict. In previous sessions, the trade war...
Saudi Arabia Defends Shale Production in the United States
Last week during the OPEC meeting in Vienna, Riyadh’s Energy Minister defended the shale production in the United States. Prince Abdulaziz bin Salman brushed...