Sanctions and economy reporting on Iran — new designations and relief, oil exports and shipping, banking restrictions, and the effect on the rial and daily prices — collected from independent English-language outlets.
Kyiv [Ukraine], September 3 (ANI): External Affairs Minister S Jaishankar on Thursday said the Russia-Ukraine conflict would not be resolved based on whether countries buy Russian oil, minerals or other commodities, asserting that the dispute can only be settled through dialogue, diplomacy and negotiations.
Kyiv [Ukraine], September 3 (ANI): External Affairs Minister S Jaishankar on Thursday said the Russia-Ukraine conflict would not be resolved based on whether countries buy Russian oil, minerals or other commodities, asserting that the dispute can only be settled through dialogue, diplomacy and negotiations.
After meeting with Russia’s finance minister, the Treasury secretary said Ukraine’s attacks on Russian oil infrastructure were contributing to a global energy shock.
New Delhi [India], September 3 (ANI): India's auto export segment remained mixed in August 2026, with automakers having higher exposure to West Asia witnessing weaker export trends amid logistical disruptions caused by the ongoing regional crisis, according to a report by Kotak Institutional Equities.
Washington, DC [US], September 3 (ANI): Ukrainian strikes deep inside Russia, together with Western sanctions, are affecting the Russian economy, US Secretary of State Marco Rubio has stated, as Washington and Kyiv hold talks on arrangements that could enable Ukraine to produce advanced missile-defence systems.
This week’s renewed strikes by the United States and Iran strain the flow of energy and diminish expectations the disruption will end soon.
The country supplied 45% of Indias oil imports last month despite lower import volumes and the threat of steep US sanctions Russia remained India's largest supplier of crude oil in August, selling around 2. 1 million barrels per day (bpd), or 45% of the country's total imports, data from maritime intelligence firm Kpler shows. Russian shipments were down from a record 2.
Iran adds more than $1bn in oil revenue to foreign reserves Iran received more than $1bn in oil revenue during the 11 days to September 2, according to the semi-official Fars news agency. Fars said documents reviewed by its reporter showed that authorities had transferred the foreign currency generated by oil exports into Iran’s reserves. The inflow will strengthen the central bank’s ability to cover the country’s foreign currency requirements, the report added.
Iran faces shortages of about 800 medicines, including dozens considered vital, as currency constraints and import disruptions threaten to drive some drug costs as much as threefold, Iranian local media reported on Thursday.
TEHRAN (Tasnim) – Iran’s Persian Gulf Strait Affairs Authority (PGSA) updated the list featuring vessels violating the Islamic Republic’s protocols governing the waterway.
Shipping traffic via Hormuz Strait below 10-day average, data shows Six commodity vessels transited the Strait of Hormuz on Wednesday, according to preliminary shipping data from Kpler, indicating a drop down from 11 a day earlier. It is also well below the 10-day average of around 13. The vessels included two very large gas carriers, two long range tankers, one Supramax tanker and another Panamax tanker.
Witkoff held talks with senior UAE official amid economic crackdown on Iran: Report White House envoy Steve Witkoff held talks with the UAE's national security adviser to discuss the next steps on Iran, according to Axios. Witkoff met with Sheikh Tahnoon Bin Zayed al Nahyan on the Italian island of Sardinia, where they brainstormed the subsequent actions amid the war on Iran and discussed other issues, one source told the website. The talks, which were not announced by the White House, took place amid Washington's attempts at reopening the Strait of Hormuz and its increasing economic sanctions on Iran.
Tehran [Iran], September 3 (ANI): Iran's Persian Gulf Strait Authority (PGSA) on Wednesday (local time) blacklisted a further 11 vessels transiting through the Strait of Hormuz over what it described as 'non-compliance' with Iranian protocols, taking the total number of vessels barred from the strategically important waterway to 56.
Washington DC [US], September 3 (ANI): US Secretary of State Marco Rubio has said that he does not believe there are talks currently going on for a trade deal between India and Iran, while warning that countries helping Tehran amid the West Asia conflict to evade US sanctions could face sanctions themselves.
Turkey replaces Russian oil and diesel imports from US as wars reverberate Turkey is turning to the United States for crude oil and refined products as supplies from Russia are jolted amid increasing Ukrainian attacks on its energy infrastructure, according to recent Turkish customs data. The US overtook Russia in June as Turkey’s main crude oil supplier with roughly 570,000 tonnes arriving compared to 425,000 from Russia. The numbers reflect how Ankara is reducing its exposure to Russian crude after emerging as one of its top buyers following Russia’s invasion of Ukraine.
Iranian currency falls to new low Iran's currency has dropped to a record low of more than 2. 2 million rials per US dollar, two websites tracking the free market rate showed on Wednesday, amid renewed US strikes on the country. The rial has dropped about 10% in the past week, having lost about half of its value in a year of tightening US sanctions and US-Israeli attacks that began in February.
Turkey replaces Russian oil and diesel imports from US as wars reverberate Submitted by MEE staff on Wed, 09/02/2026 - 18:18 Turkey is importing more oil from the US, even after it extended a natural gas deal with Russia People queue at a petrol station in Istanbul on 6 March 2026 as fears have grown of a possible inflationary wave as war in the Middle East sends energy prices shooting upwards (Yasin Akgul/AFP) Off Turkey is turning to the United States for crude oil and refined products as supplies from Russia are jolted amid increasing Ukrainian attacks on its energy infrastructure, according to recent Turkish customs data. The US overtook Russia in June as Turkey’s main crude oil supplier with roughly 570,000 tonnes arriving compared to 425,000 from Russia. The numbers reflect how Ankara is reducing its exposure to Russian crude after emerging as one of its top buyers following Russia’s invasion of Ukraine.
Iran adds 11 more ships to Hormuz blacklist Iran’s Persian Gulf Strait Authority (PGSA) has added a further 11 ships to its blacklist on Wednesday, barring the vessels from transiting through the Strait of Hormuz for “non-compliance” with its rules. The move comes a week after Tehran blacklisted 45 tankers from the Strait of Hormuz, warning that any vessel cooperating with a banned ship would also be added to the list. PGSA, a body set up by Iran to manage the strait, now prohibits 56 vessels from transiting the critical waterway.
Iran’s shadow banking network runs far deeper and wider than the network targeted by US sanctions last month, an Iran International investigation found, showing that Tehran used more than a dozen banks in China and the United Arab Emirates to access the global financial system.
Israel vows to retaliate if UK imposes sanctions Submitted by Nadav Rapaport on Wed, 09/02/2026 - 13:58 London threatens 'comprehensive' sanctions over Israel's plan to expand settlements in Area E1 A picture taken from the E1 corridor, a super-sensitive area of the occupied West Bank, shows the Israeli settlement of Maale Adumim in the background on 16 April 2025 (AFP) Off Israeli Foreign Minister Gideon Sa'ar warned that Israel would retaliate should the UK imposed sanctions over illegal settlements in the occupied West Bank. During an interview with Israeli news outlet Ynet on Tuesday, Sa'ar was asked about the tense relationship between Israel and the UK over recent Israeli plans to further expand settlements. Sa'ar accused the Labour government of "acting systematically against Israel", adding that it has "already harmed defence exports to us and imposed sanctions on ministers".
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