Iran says it has turned much of its reserves into gold, as gold imports soar to three times the level of last year.

Oil futures inched higher on Friday, as news of tighter U.S. sanctions on Iran and Russia had the potential to disrupt global crude supplies.

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...

New U.S. sanctions targeting Iran's oil industry and oil minister have boosted oil prices, countering the negative impact of the IEA's report which indicated oversupply and reduced demand forecasts.

Shops and markets in central Tehran, usually teeming with customers ahead of the Persian New Year, now barely see any buyers, ...

Mr Abdolnaser Hemmati, a former central bank governor, was blamed for Iran's soaring inflation and plunging currency. Read ...

Stranded Iranian cargoes have offloaded their crude at Shandong, the key import terminal for China’s independent refiners, ...

Iran exported 515,800 tonnes of dairy products to 37 countries during the first 10 months of 2024, which is 15% up compared ...

Iran's parliament sacked the country's finance minister on Sunday after impeaching him over soaring inflation and a plunging ...

EIA projects that global oil inventories will decline in second-quarter 2025, driven partly by reduced crude oil production ...

Aleksey Dedov is Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Islamic Republic of Iran. He graduated from the Moscow State Institute of International Relations in 1982 ...