American households have paid nearly $450 more on energy-related expenses since the outbreak of the Iran war, according to a Moody’s Analytics analysis shared exclusively with CNBC
The Deputy Minister of Industry, Mining and Trade stated: All the raw materials needed for production are available in storage within the country, and in addition, imports are being carried out through various channels
The head of the Ports and Maritime Organization (PMO) cited effective presence and the elevation of Iran’s position in the International Maritime Organization (IMO) as one of the serious approaches, and emphasized: Backed by 5,800 kilometers of maritime border and the history of Iranian seafaring on the high seas, Iran’s presence in international forums must be more prominent than in the past
The head of Iran’s Customs Administration said that trade routes and the ease of truck traffic at the Iran-Turkey customs borders will be reviewed and facilitated. According to IRNA from the According to IRNA from the Customs Administration of the Islamic Republic of Iran
The managing director of Iran’s Power Generation and Distribution Company (known as TAVANIR) has announced the power grid’s readiness for the summer peak load, the development of renewable energy sources, and the implementation of a restriction program for high-consumption subscribers
According to the statistics of the Iranian Steel Producers Association (ISPA), 62.716 million tons of iron ore pellet was produced in Iran during the past Iranian calendar year 1404 (ended on March 20)
Europe is bracing for a devastating summer travel crisis as a blockade of the Strait of Hormuz sends jet fuel prices skyrocketing, threatening mass flight cancellations and airline bankruptcies, according to a report by Deutsche Welle
The acting secretary of the Supreme Council of Iran’s Free Trade, Industrial and Special Economic Zones has announced the start of the operational phase of the Sarakhs Economic Zone, in Khorasan Razavi province, following the establishment of customs and registration infrastructure in the region
The Ministers of Transport and Urban Development and of Economic Affairs and Finance, along with their deputies, held a joint meeting to discuss strategies for facilitating the unloading and clearance of goods from ports and borders, as well as utilizing alternative corridors to supply essential goods
An expert in global markets has stated that under current circumstances, due to the blockade in the south, the existing capacities of Chabahar Port, northern ports, and rail routes to Central Asian countries can be utilized for trade