Iran’s Economy Under Sanctions
Iran had barely started to reap the economic benefits of its 2015 nuclear deal with world powers when Donald Trump withdrew and imposed sanctions so tight they plunged the country into its worst economic crisis since the 1980s.
Oil rises on fears of heightened tensions in Middle East
Brent crude was up 66 cents, or 1.1%, at $63.09 a barrel at 0004 GMT, after climbing to a session high of $63.44, the highest since Jan. 22, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.5%, to $60.33 a barrel.
Chabahar port’s capacity developed to 8.5m tons
Development of Chabahar Port in southeastern Iran raised capacity to load and unload more than 8.5 million tons of goods a year, a local official said on Sunday.
Omani Banks Likely to Open Accounts for Iranian Companies
Head of the Iran-Oman Joint Chamber of Commerce Mohsen Zarrabi says talks are underway with Omani banks to open accounts for Iranian companies active in this sultanate.
Gold Price Analysis: XAU/USD rebounds $20 to $1830 as DXY drops sharply
A reversal of the US dollar across the board triggered a rally in XAU/USD. Gold jumped $20 from the low, hitting a fresh daily high at $1830.
Brent Oil: A rally to $70 is technically possible
This week, Brent Oil prices broke through the technical resistance level of $60/barrel within the upward trend channel. As a result, the multiyear downward trend was broken
Iran tends Participating in Azerbaijan Reconstruction
Iran Chamber of Commerce and Industry, Mine and Agriculture (ICCIMA) in cooperation with the Iran-Azerbaijan Joint Chamber of Commerce held a webinar.
Int’l Trade Plays Key Role for Iran’s Free Economic Zones
International trade plays a key role in Iran’s free zones, adding that free zones in Iran have been launched before their infrastructures to be prepared and most of the revenues of these zones are spent on improving the infrastructures.
Tehran, Muscat to Expand Trade Ties
In an online meeting between the Head of TPOI and the Omani deputy minister of commerce, the two sides discussed the development of mutual trade.
Gold Price Analysis: target a run to weekly support at $1,765
Gold is testing the bear's commitments at the resistance structure. Weekly support could be their target if bulls capitulate at this juncture.