Iran, Iraq Move to Remove Banking Barriers
TEHRAN (Tasnim) – Senior Iranian and Iraqi officials discussed ways to remove banking obstacles and facilitate access to Iranian foreign-exchange resources held in Iraq.
Filter by source ▾
Dark oil trade still flowing despite Hormuz disruption Bloomberg
Tankers sailing with transponders off are reportedly helping prevent a sharper oil-price surge by moving crude through the disrupted strait Gulf states are covertly shipping oil through the Strait of Hormuz on tankers with their transponders switched off despite severe disruptions to normal traffic and intermittent attacks, Bloomberg reported on Sunday, citing people familiar with the shipments.
Enemy wants to compensate for defeat in economic war: Iran's Vice President warns of escalating sanctions, market inflation
Tehran [Iran], August 17 (ANI): Iran's First Vice President, Mohammad Reza Aref, has warned that external adversaries, specifically the United States and Israel, are shifting their strategy to economic warfare following recent military standoffs, according to Iranian media.
Hormuz Traffic Grinds To Near Halt Again As Talks Stall
New posts Featured entry 02:57 Hormuz Traffic Grinds To Near Halt Again As Talks Stall Data showed that shipping through the Strait of Hormuz slowed over the weekend as attacks continued in the important waterway and as talks stalled between Washington and Tehran on ways to end the crisis.
Iran and Oman work on temporary Hormuz shipping route as Trump threatens to claim the strait
Iran and Oman work on temporary Hormuz shipping route as Trump threatens to claim the strait Iranian Foreign Minister Abbas Araghchi said on Sunday that Tehran and Muscat were working to establish a temporary maritime route through the Strait of Hormuz, while stressing that the talks were separate from any decision on reopening the strategic waterway. “The routes that existed previously are no longer functional, so a new route needs to be defined,” Araghchi said. “For now, we are designing a temporary route, which can then, at a later stage, be turned into a final route.
Iran economy shows signs of recovery from war-induced downturn as business activity resumes, says Chamber of Commerce chief Hassanzadeh
Tehran [Iran], August 16 (ANI): Iran's economy is showing signs of recovery from the sharp downturn caused by the recent war, with economic activity gradually resuming, according to the head of the Iran Chamber of Commerce, Industries, Mines and Agriculture, Samad Hassanzadeh.
Iran and Oman work on temporary Hormuz shipping route as Trump threatens to claim the strait
Iran and Oman work on temporary Hormuz shipping route as Trump threatens to claim the strait Submitted by MEE staff on Sun, 08/16/2026 - 15:04 Iranian Foreign Minister Abbas Araghchi says talks with Oman on a new maritime route are 'separate' from the decision to reopen Hormuz Ships dock at Charak Port in Iran's Hormozgan province on 9 August 2026 (Atta Kenare/AFP) Off Iranian Foreign Minister Abbas Araghchi said on Sunday that Tehran and Muscat were working to establish a temporary maritime route through the Strait of Hormuz, while stressing that the talks were separate from any decision on reopening the strategic waterway. “The routes that existed previously are no longer functional, so a new route needs to be defined,” Araghchi said. “For now, we are designing a temporary route, which can then, at a later stage, be turned into a final route.
Iran weighs gasoline rationing as fuel deficit widens
Iran’s government is considering three proposals to curb gasoline consumption as war damage, import difficulties and a widening gap between domestic production and demand put growing pressure on fuel supplies.
War redraws Iran’s trade as ties with key partners plunge
Iran says its non-oil trade has fallen by around 30% since the war began, but figures from several of its biggest trading partners point to far steeper declines in some of the country’s most important commercial relationships.
Sanctions alone cannot topple Iran’s regime, former Treasury official says
Sanctions can make Iran’s military and nuclear activities costlier and more difficult but cannot bring down the Islamic Republic on their own, former US Treasury official and weapons procurement expert Kerri Bitsoff told Iran International.
Oil tanker loading resumes at Iran’s Kharg Island, TankerTrackers says
Oil tanker loading resumes at Iran’s Kharg Island, TankerTrackers says For the first time since late July, an Iranian tanker was seen loading crude at the Kharg Island on Friday, according to maritime tracking service TankerTrackers. A National Iranian Tanker Company Very Large Crude Carrier (VLCC) was seen loading 2 million barrels of crude at the Azarpad jetty on Kharg Island on 14 August. Iran has continued loading tankers at other terminals, with the country's oil production appearing to be roughly in line with refinery runs, or domestic consumption, suggesting the country may not need to export significant volumes of crude, TankerTrackers said in a post on X.
Oil climbs over $1 a barrel as expert warns of ‘day of reckoning’
Oil climbs over $1 a barrel as expert warns of ‘day of reckoning’ Crude oil futures climbed over $1 a barrel on tanker attacks and a lack of progress on a peace agreement between the US and Iran. Reuters reported that Brent futures settled at $88. 52 a barrel, up $1.
Trump urges Americans to accept higher oil prices
Trump urges Americans to accept higher oil prices US President Donald Trump has urged Americans to accept slightly higher gasoline prices as the cost of preventing Iran from obtaining a nuclear weapon. The comments underscore the growing political risk for Trump as higher fuel prices collide with his campaign promise to lower energy costs, with Democrats already seeking to make the economic fallout from the Iran war an issue heading into the November midterm elections. In a speech in Garden City, Trump said Americans who had to "pay a tiny little bit more for your gasoline" should remember that this was the cost of ensuring "a very evil country" could not have a nuclear weapon.
Hormuz traffic rises from nine to 13 crossings, Kpler says
Hormuz traffic rises from nine to 13 crossings, Kpler says Maritime traffic through the Strait of Hormuz increased on 13 August, with 13 confirmed vessel crossings, up 44 percent from nine crossings recorded the previous day, according to maritime tracking firm Kpler. Nine vessels used Iran's unilateral transit scheme, while no vessels were confirmed on the Hormuz Traffic Separation Scheme (TSS). The routes of four other vessels remained undetermined.
62 commercial vessels redirected, three disabled amid US blockade on Iran: CENTCOM
Washington, DC [US], August 15 (ANI): The US Central Command (CENTCOM) said on Friday (local time) that its forces had redirected 62 commercial vessels, disabled three, and boarded two others while enforcing the US blockade against Iran in the Arabian Sea. CENTCOM stated that the actions were taken to ensure compliance with the blockade.
US to hit Iran hard economically, Trump says
US to hit Iran hard economically, Trump says US President Donald Trump told Fox News on Friday that the United States will hit Iran hard economically, as Washington and Tehran struggle to reach a deal to end a nearly six-month war. His comments came a day after US Treasury Secretary Scott Bessent said the US would impose measures on Tehran that have "never been seen" as soon as next week.
Russia's UN envoy says Hormuz navigation 'ruined' by US
Russia's UN envoy says Hormuz navigation 'ruined' by US Mikhail Ulyanov, Russia's permanent representative to the United Nations, criticised US President Donald Trump's policy on the Strait of Hormuz in a post on X on Friday. "The logic of Washington is not understandable. It wants freedom of navigation through the Strait of Hormuz, but this freedom was ruined by the US aggression against Iran," he said.
500-kg Salaya drug seizure case: NIA attaches assets of accused linked to transnational network
New Delhi [India], August 14 (ANI): In a fresh move in the Salaya drug seizure case linked to the smuggling of 500 kg of heroin from Pakistan to India through a sea route, the National Investigation Agency (NIA) has attached two Punjab-based immovable properties linked to a key accused having transnational network extending across Italy, Australia, the United Arab Emirates (UAE), Thailand, Iran and Pakistan.
Bessent says US set to apply measures never seen on Iran
Bessent says US set to apply measures never seen on Iran US Treasury Secretary Scott Bessent said that Washington is going to apply measures that have "never been seen" on Iran. "Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country," Bessent said during an interview on Newsmax's Rob Schmitt Tonight programme. "It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of Hormuz that will keep anything from going in or out of the Iranian ports," he added.
Safe Hormuz Transit Impossible Without Iran’s Approval: Spokesman
TEHRAN (Tasnim) – The spokesperson for Iran’s Khatam al-Anbia Central Headquarters rejected US claims of normal maritime traffic through the Strait of Hormuz, saying no commercial vessel or oil tanker can safely transit the waterway without Iran’s authorization and supervision.
