Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 24 cents, or 0.3%, to $81.…

The National Iranian Oil Company has substantially reduced its growing gas condensate stockpiles in recent months not only through exports but also due to higher local consumption, managing…

Iran is exporting 110 megawatts of electricity to Afghanistan per day and this amount can be increased as the maximum export capacity to the neighboring nation is 175 MW, the energy minister’s…

Most American voters still support the 2015 Iran nuclear deal and believe sanctions should be eased on Tehran if it triggers resumed talks, according to new Morning Consult polling.

In negotiations to revive the 2015 nuclear deal, Iran is after a “lasting” and “reliable” agreement, a senior Iranian diplomat said, dismissing reports of an interim agreement.  “No accord…

Foreign Minister Hossein Amir-Abdollahian arrived in Muscat on Monday to hold talks with Omani officials, including his counterpart Sayyid Badr Albusaidi, on ways to enhance political, economic…

Selloff pressure mounted on Tehran’s share market on Sunday particularly impacting blue chips and commodity stocks spurred by the pattern of decline in currency prices.  The main gauge of…

The government has taken some measures to help resolve the problem of the two main football clubs ineligibility for AFC Championship 2022, but key ownership issues of the clubs is not expected…

Iran’s foreign trade, except for crude oil exports, stood at 13.17 million tons worth $8.95 billion in the current fiscal year’s ninth month (Nov. 22-Dec. 21) to register a 25% and 53% growth in…

Latest data released by the US Census Bureau show noticeable growth in Iran-US trade in November 2021. Iran’s exports to the US stood at $0.1 million in November, down 50% from last year’s…

Iran’s aluminum industry produced 400,481 tons of ingots during the current fiscal year’s first nine months (March 21-Dec. 21). According to the latest data released by the Iranian Mines and…

Iran, located geographically at the crossroads of East and West, has been making efforts for years to build up its rail connections to neighboring countries, or build new railroads to complete…

A total of 5.19 million tons of commodities were loaded from Khuzestan Province’s Imam Khomeini Special Economic Zone during the first nine months of the current Iranian year (March 21-Dec. 21…

Majlis, the Iranian Parliament, agreed in principle over the budget bill outlines proposed by the government of President Ebrahim Raisi for the fiscal 2022-23. In a Sunday vote, 174 MPs voted…

The rial added to recent gains on Sunday as major foreign currencies retreated.  The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the close of the…

The government’s plan to sell its shares in the Persian Gulf Petrochemical Industries Company (PGPIC) fell flat as buyers failed to provide robust guarantees, head of the Iranian Privatization…

With the completion of the Comprehensive Trade Information System, the flow of goods and money will be integrated in the supply chains, the Ministry of Industries, Mining and Trade announced in…

Iran has the infrastructure for increasing gas import and swap with neighboring countries to 40 million cubic meters per day, or 15 billion cubic meters per year, the oil minister said.

Harmonizing Iran and Russia’s electricity grids is the most viable and inexpensive option to help ease frequent power cuts during hot summer days when power load maximizes in Iran, the energy…

Iran’s top negotiator to the Vienna talks said Iran and the remaining signatories to the 2015 nuclear agreement are resolving outstanding issues as diplomatic efforts are continuing in the…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei said refusing to capitulate to arrogant and bullying powers is among the key principles of the Islamic Revolution, stressing that…

Record Eurozone inflation of 5% sounds "so strange" after a long period of little price growth but the rate will come down this year, European Central Bank chief economist Philip Lane said on…

The Agriculture Ministry devised plans in late 2015 to achieve 70% self-sufficiency in oilseed production in 10 years for controlling the import of oilseeds and vegetable oil.  At the time…

New data on Purchasing Managers’ Index for Iran’s overall economy declines for the third consecutive month. The PMI, known by its Farsi acronym Shamekh, for Iran’s overall economy settled at 50…

IranAir will operate two new daily roundtrip flights to Najaf, Iraq. Flight No. 5319 will depart from Imam Khomeini International Airport for Najaf at 7:55 p.m. and arrive at Al-Najaf…