Iranian Foreign Minister Mohammad Javad Zarif says the country will go ahead with the third phase of scaling back its nuclear deal commitments under the current circumstances.
Read More »Iran Govt. Approves to Drop Four Zeros. Revert to Toman
The Iranian government has approved to revalue its rial tenfold and revert to the currency’s old name. the toman. the Fars news agency reported.
Read More »OPEC Sees Oil Output Hit Lowest Level since 2011
Among countries with higher output. Gulf producers Kuwait and the United Arab Emirates both raised supply while remaining below their OPEC targets.
Read More »Russia Adds 106.8MW Wind Power Capacity for 2024 Delivery
Oil and gas-rich Russia in 2013 had started to hold annual renewable tenders to reach 5.4GW in renewable energy capacity by 2024.
Read More »US Grants 90-Day Waivers to Nations Participating in Iran’s Civilian Nuclear Program
Five waivers were still extended and are set to stay in place at least for another 90 days.
Read More »OPEC Oil Output Hits Lowest since 2011
The biggest supply drop came from Saudi Arabia. which has cut supply even further below its OPEC target in a bid to reduce oil inventories.
Read More »Stranded Iranian Vessel Heading Back Home from Brazil. 2nd Ship to Follow
Brasilia and Tehran have long enjoyed a good history of political and economic relations.
Read More »Oil Prices Rise ahead of Expected US Interest Rate Cut
Economic growth in the US slowed less than expected in the second quarter.
Read More »Iran to Further Solidify Economic Infrastructures against Foreign Plots
Iran will undertake a new measure to contain foreign-backed shocks against its economy with operationalizing the long-anticipated initiative of Integrated Currency Market by mid-August.
Read More »Iranian Ports Post 19% Growth in Trans-Shipment
Head of Iran'.s Ports and Maritime Organization announced that his country’s ports have witnessed a 19.6 percent rise in trans-shipping goods in the 4-month span up to July 22.
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