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IRAN ECONOMY
India, Uzbekistan discuss bilateral ties during foreign minister Jaishankar's Azerbaijan visitExternal Affairs Minister S Jaishankar met Uzbek Foreign Minister Bakhtiyor Saidov in Azerbaijan’s Baku to discuss bilateral issues and str...
US consumer sentiment near record low ahead of midterm electionsIn October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Mi...
US business activity cools in October; strong demand fueling price pressuresUS business activity experienced a slight slowdown in October, though strong demand allowed price increases. The S&P Global Composite PMI O...
World shares are mixed after Wall Street's AI-related losses, while oil prices jumpGlobal stock markets displayed a mix of outcomes while oil prices surged due to escalating tensions in Iran. Brent crude soared past $114 p...
Iran caps dollar purchases at $1,000 per day amid sanctions-hit economyIran has introduced new rules for buying US dollars through banks and exchange offices as sanctions strain its financial system. Under the ...
Oil Price Today (October 23): Crude oil ticks over $114, jumps nearly 8% this week as energy attacks intensify. What are experts saying?Brent crude futures rose 50 cents, or 0.45%, to $114.02 a barrel, while US West Texas Intermediate (WTI) crude gained 40 cents, or 0.42%, t...
Trump invokes Cold War-era Defense Production Act for oil production, refiningUS President Donald Trump has determined that petroleum production and refining are essential for national defense. This decision allows po...
Average long-term US mortgage rate eases to 7.32% in first pullback since late AugustUS mortgage rates eased for the first time since late August, with the average 30-year fixed rate falling to 7.32% from 7.40% last week, Fr...
Oil Price Today (October 22): Crude oil above $112 as energy infra attacks heighten supply fears. More tension ahead?Brent crude traded 3% higher at $112.38 a barrel, while US West Texas Intermediate (WTI) crude was trading more than $100 a barrel. Brent h...
"Not negotiating": Trump says "something will happen fairly soon" with Iran, as US mulls fresh strikesUS President Donald Trump indicated that there are no negotiations occurring with Iran at this time. He mentioned that something significan...
US weighs fresh strikes on Iran; Tehran warns of 'father of all bombs': ReportsThe United States and Israel have devised plans for military strikes on Iran following the midterm elections. Iranian officials have also t...
When it comes to Trump's economy, these are the numbers that matter before mid-term electionsUnited States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growi...
ECB says AI, greener economy help euro zone weather energy shockDespite facing substantial energy challenges from escalating oil and gas prices, the euro zone economy has shown resilience in growth. Econ...
Rupee ends flat as stock slump, importer hedging erodes bounceThe Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock marke...
Houthis are helping Iran turn Saudi Arabia into a pressure point: Here's howHouthi attacks on Saudi Arabia are increasing, disrupting investments and key infrastructure. The Houthis are seeking recognition and an en...
US announces new Iran-related sanctions targeting 16 people, 10 entitiesThe United States has imposed sanctions on 16 individuals and 10 entities connected to Iran's financial operations. US Treasury Secretary S...
'Going bankrupt': Iran shopkeepers struggle as war dims demandAt a Tehran bazaar where fragrant herbs and spices whet the appetite, shopkeeper Nasir says locals once bought his nuts by the kilo but soa...