Top Economy stories | Tasnim News Agency
Qalibaf Mocks US over Oil, Treasury Yield Pressures
TEHRAN (Tasnim) – Iran’s Parliament speaker warned that the US is facing growing pressure from rising oil futures prices, elevated Treasury yields and the depletion of the country’s Strategic Petroleum Reserve (SPR), saying the consequences of US’ policies are increasingly difficult to conceal.
Iran Backs Joint Refinery in Kyrgyzstan, Offers Crude Supply
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian welcomed Kyrgyzstan’s proposal to establish a joint refinery in the Central Asian country, saying Iran is ready to supply the crude oil needed for the facility and share its refined products with Kyrgyzstan.
Iran Ready to Launch Joint Free Zone with Turkey
TEHRAN (Tasnim) – Iran has completed the necessary steps to establish a joint free trade zone with Turkey in the northwestern border area of Khoy and is now awaiting action by the Turkish side to make the project operational, an official said.
European Stocks Slip As Oil Jumps Higher
TEHRAN (Tasnim) – European shares edged lower on Monday as renewed US military aggression against Iran pushed oil prices and bond yields higher, while the benchmark STOXX 600 remained on track for a fifth consecutive monthly gain.
Minister Assures Iran’s Food Security Despite Sanctions
TEHRAN (Tasnim) – Iran’s agriculture minister assured the public that the country’s food security and supply of essential goods remain stable despite drought, sanctions and wartime pressures, saying strategic reserves have continued to grow without the need for emergency withdrawals.
Mongolia Lauds Iran’s Resistance to US Aggression
TEHRAN (Tasnim) – Mongolian Foreign Minister Battsetseg Batmunkh praised the resilience of the Iranian nation in the face of the recent US-Israeli war of aggression, highlighting the historical and cultural ties between the two countries as a basis for stronger relations.
Qalibaf Mocks Bessent’s Hormuz Oil Claim, Points to US War Costs
TEHRAN (Tasnim) – Iranian Parliament Speaker Mohammad Baqer Qalibaf ridiculed the US Treasury Secretary’s claims about oil flows through the Strait of Hormuz, pointing to the soaring costs of the US war against Iran and rising Treasury yields as evidence contradicting Washington’s narrative.
Iran Preparing Power Grid for Winter
TEHRAN (Tasnim) – Iran is preparing its electricity network for the coming winter by expanding renewable energy capacity and developing smart-grid infrastructure, the head of the Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
Iran’s Largest Rooftop Solar Power Plant Comes on Stream
TEHRAN (Tasnim) – The largest rooftop solar power plant in Iran, with a capacity of 7 megawatts, was inaugurated in Pakdasht near capital Tehran.
Spokesman Slams Washington’s Iran Policy as ‘Pure Parody’
TEHRAN (Tasnim) – Iranian Foreign Ministry Spokesman Esmaeil Baqaei ridiculed Washington’s latest measures against Iran, saying they expose the weakness of its efforts to build an anti-Iran coalition.
Global Stocks Rise on Hormuz Hopes As Markets Await Nvidia Results
TEHRAN (Tasnim) – Global stocks edged higher and oil prices fell on Wednesday as hopes grew that the Strait of Hormuz could soon reopen, while investors awaited US inflation data and second-quarter earnings from AI chipmaker Nvidia.
Qalibaf Dismisses US Economic Pressure Campaign as ‘Bluffing’
TEHRAN (Tasnim) – Iranian Parliament Speaker Mohammad Baqer Qalibaf dismissed the US campaign to intensify economic pressure on Iran, saying Washington lacks the economic leverage to further restrict Tehran’s relations with other countries.
President Urges Expansion of Renewable Energy Technologies in Iran
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian called for a major expansion of clean and renewable energy production, setting a target of generating 30,000 megawatts of electricity from renewable sources over the next two years.
Qalibaf Fires Back at US Economic Claims
TEHRAN (Tasnim) – Iranian Parliament Speaker Mohammad Baqer Qalibaf hit back at US attempts to portray Iran as facing an economic crisis, highlighting food insecurity in the US and denouncing Washington for trying to conceal its own failures with false claims.
President Urges Plans to Lower Gasoline Consumption in Iran
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian called for measures to reduce gasoline consumption and optimize fuel use, urging government bodies to lead efforts to conserve energy amid economic challenges.
Qalibaf Ridicules Trump’s ‘Frozen’ Economic Policies
TEHRAN (Tasnim) – Iran’s Parliament speaker ridiculed US President Donald Trump’s economic policies toward Iran, saying Washington’s attempts to pressure the Islamic Republic have produced a “frozen economy” while the consequences are returning to the US like a boomerang.
New Gas Field Discovered in Southern Iran
TEHRAN (Tasnim) – Iran has discovered a new gas field in the southern province of Fars containing more than 7.5 trillion cubic feet (Tcf) of gas, with around 5.7 Tcf recoverable, Oil Minister Mohsen Paknejad announced.
Iran, Turkey to Build Rail Link via New Border Crossing
TEHRAN (Tasnim) – Iran and Turkey are going to establish a new railroad connection through the Cheshmeh Soraya border crossing, as preparations are underway to begin construction of a major rail project linking Iran’s network to Turkey’s railroad system.
