Tag:

Iran Economy

Trump praises market highs amid rising fuel costs

US President Donald Trump has once again pointed to record gains on Wall Street as proof of what he described as a “booming” US economy, even as the ongoing conflict with Iran continues to drive up living costs for many American households.

07 May 2026-09:16
UAE’s Fujairah port cleared of oil tankers after reported strikes

The UAE’s strategic Fujairah port has reportedly been emptied of oil tankers, with maritime tracking data indicating a disruption to crude loading operations and expectations of a further decline in oil exports next month.

06 May 2026-11:59
Iran says no concerns over food supply despite external pressures

A senior Iranian lawmaker has said there are no concerns over the supply of agricultural products and essential goods in the country, adding that potential external pressures, including reported threats of a naval blockade, would not affect the agricultural sector due to the country’s high level of domestic self-sufficiency.

05 May 2026-14:55
IMF warns of global shock if Middle East war escalates

International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned on Monday that the global economy could face a “much worse outcome” if the Middle East conflict continues into 2027, particularly if oil prices rise to around $125 per barrel.

05 May 2026-10:18
Iran issues orange alert for rain, storms in 14 provinces

Iran’s Meteorological Organisation has issued an orange weather warning for 14 provinces, including Tehran, as heavy rain, thunderstorms and strong winds are expected to intensify from Wednesday through Friday.

29 Apr 2026-10:16
Condom prices surge, spark panic buying in China – IN DETAIL

A warning of higher condom prices by the world’s top maker has gone viral in China with the hashtag “condom prices rising” garnering more than 60 million views by yesterday on Chinese social media and stoking talk of stockpiling.

24 Apr 2026-17:06
Reports warn of surge in counterfeit currency trading across Iran

Reports from across Iran point to a growing surge in counterfeit currency transactions, with police seizing large quantities of fake euros and US dollars in a recent operation in Lorestan Province.

20 Apr 2026-16:09
Chaos in the Strait of Hormuz – what's happening?

The Strait of Hormuz — open or closed — depends solely on two countries: Iran and the United States. More precisely, it depends on the strategic game the two adversaries are playing as they juggle the interests of global trade.

19 Apr 2026-11:53
Iran warns US actions in Persian Gulf risk further regional escalation

Iran’s Foreign Minister Abbas Araghchi has warned of the “dangerous consequences” of what he described as provocative US positions and actions targeting the Persian Gulf and the strategic Strait of Hormuz.

16 Apr 2026-10:38
Iran estimates war damage at $270bn, says figure may change

The Iranian administration has said its preliminary assessment of damage caused by what it describes as unprovoked US-Israeli aggression has reached $270 billion, stressing that the figure remains subject to revision.

14 Apr 2026-12:46