Top Economy stories | Tasnim News Agency
From Groceries to Mortgages, US Aggression on Iran Drives Up Costs of Living
TEHRAN (Tasnim) – The price shock unleashed by US aggression against Iran is squeezing households worldwide, as surging oil and gas prices drive up the cost of fuel, food, heating and housing while intensifying inflation and borrowing costs.
Iran Urges Greater SCO Economic Cooperation
TEHRAN (Tasnim) – Iranian First Vice President Mohammad Reza Aref called on the Shanghai Cooperation Organization (SCO) member states to expand practical economic cooperation, strengthen regional connectivity and develop independent financial and payment mechanisms.
US Warmongering Disrupting Global Food Supplies: Iranian Minister
TEHRAN (Tasnim) – Iran’s agriculture minister criticized US unilateralism and warmongering, saying such actions have seriously disrupted the global transportation of food and undermined food security.
France’s Fiscal Crisis Highlights Risks Facing US amid Aggression on Iran
TEHRAN (Tasnim) – France’s mounting debt, rising borrowing costs and political turmoil offer a warning for the United States, where the economic consequences of aggression against Iran are adding pressure to public finances already strained by persistent deficits and rising interest payments.
French Markets Slide As Unrest Deepens Concerns over Deficit, Political Stability
TEHRAN (Tasnim) – French stocks and government bonds underperformed other European markets after widespread protests and violence over the weekend intensified concerns about the country’s ability to rein in its large budget deficit.
Iran Offers Kazakhstan Routes to Global Markets
TEHRAN (Tasnim) – Iran’s minister of roads highlighted the advantages of the country’s transit corridors for Kazakhstan’s access to international markets, urging expanded cooperation to boost transit capacity and facilitate trade between the two countries and beyond.
Ministers Call for Expanded Iran-Uzbekistan Transport Cooperation
TEHRAN (Tasnim) – The Iranian roads and urban development minister and Uzbekistan’s transport and communications minister called for stronger cooperation in road, rail and transit sectors, emphasizing the need to follow up on bilateral agreements and expand collaboration.
Top Banker Refutes Claims of Iranian Economy’s Collapse
TEHRAN (Tasnim) – Central Bank of Iran Governor Abdolnaser Hemmati dismissed claims that Iran’s economy is on the verge of collapse, saying the country has demonstrated considerable resilience despite the US-Israeli war and Washington’s maximum-pressure sanctions.
Alternative Routes Cushion Iran’s Trade Decline
TEHRAN (Tasnim) – Iran’s foreign trade by weight declined by about 34% in the first half of the current Persian year, while alternative trade routes and private-sector capacities helped sustain a significant portion of the country’s imports and exports amid maritime restrictions, an official said.
Global Oil Squeeze to Worsen without Hormuz Reopening, Aramco CEO Warns
TEHRAN (Tasnim) – Saudi Aramco CEO Amin Nasser warned that the global oil supply squeeze will worsen unless the Strait of Hormuz is fully reopened.
Iran’s Agriculture Sector Withstands War Pressures, Minister Says
TEHRAN (Tasnim) – Iranian Agriculture Minister Gholamreza Nouri praised the resilience of the country’s agricultural sector in the face of resource constraints, wartime conditions and blockade-related pressures, vowing that the sector will not allow Iran’s food security to be compromised.
Iran, Turkmenistan Push for Closer Electricity Cooperation
TEHRAN (Tasnim) – Iran and Turkmenistan have discussed extending their electricity import agreement, increasing power exchanges and developing new transmission lines, as well as the possibility of transmitting electricity through Turkmenistan to third countries.
President: Iran Determined to Defeat Economic War
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian stressed his administration’s determination to overcome the economic war against the country, saying Iran’s resolve and unity enabled it to withstand the US-Israeli aggression and will likewise help it defeat economic pressures.
Iran Ready to Share Electricity Industry Experience with Afghanistan
TEHRAN (Tasnim) – Iranian Energy Minister Abbas Aliabadi voiced the country’s readiness to share its experience and technology in the electricity industry with Afghanistan, stressing the importance of strengthening economic and energy ties between the two neighbors.
Iranian Ex-Oil Minister Dismisses Trump’s Claims on Resignation
TEHRAN (Tasnim) – Former Iranian oil minister Mohsen Paknejad dismissed US President Donald Trump’s account of his resignation, stressing that his departure from office had nothing to do with the US president’s claims about Iran’s economy and oil industry.
US Lost Military War, Will Lose Economic War Too, Iran’s SNSC Chief Says
TEHRAN (Tasnim) – Secretary of Iran’s Supreme National Security Council Mohsen Rezaei dismissed US Treasury Secretary Scott Bessent’s predictions and anti-Iran rhetoric as baseless, warning that Washington will fail in its economic war against Tehran as well.
Iran’s Oil Minister Resigns, President Appoints Caretaker
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian accepted the resignation of Oil Minister Mohsen Paknejad and appointed Hamid Bovard as caretaker of the Oil Ministry.
Japan Rules Out Further Oil Reserve Release amid Global Energy Crisis
TEHRAN (Tasnim) – Japanese Chief Cabinet Secretary Minoru Kihara said Monday that Japan had no plans to make a fresh release of crude oil from its national reserves after already drawing on its stockpiles.
