Aluminum Prices Rebound as Iran Closes Strait of Hormuz; Middle East Production Capacity Halted Reaches 2.22 Million Tons
In the early hours of July 12 local time, the Navy of the Islamic Revolutionary Guard Corps of Iran ...
Russia Extends Fuel Export Ban Until July 31, 2026
The Russian government has decided to extend the temporary ban on exports of diesel, marine fuel, an...
Fed's Williams: Energy prices may have peaked and will decline
John Williams, President of the New York Federal Reserve Bank, said on Thursday that despite renewed...
Indonesia Imports Approximately 770,000 Barrels of Russian Crude Oil for the First Time
The first phase of the renovation of Chapayev Street and the riverside boulevard in the river port a...
Two Greek supertankers traverse the Strait of Hormuz along Oman route this week
Regional conflicts have reignited this week, but at least two supertankers owned by the same company...
IEA: Global Oil Demand to Shrink in 2026 for First Time Since Pandemic
The International Energy Agency (IEA) said on Friday that global oil demand is expected to shrink in...
Russian Railways transports 65,000 tons of grain to Iran via Astara in first half of year
Russian Railways is preparing to develop grain transportation to Iran via the "North-South" Internat...
US Revokes General License for Iranian Oil Sales; Oil Prices Surge Over 5% in After-Hours Trading
International oil prices closed up about 3% on Tuesday, as the US revoked a general license authoriz...
Iran Develops Prototype of Artificial Brain Using Living Human Neurons, Potentially Reducing Energy Consumption by a Million Times
Iran has developed a laboratory prototype of an artificial brain made from living human neurons, cap...
Nordic American Tankers Sends Three Vessels Out of the Arabian Gulf
Nordic American Tankers (NAT) announced that three vessels, previously stranded in the Arabian Gulf ...
SAHA Airlines Launches Three Routes Between Afghanistan and Iran with Four Weekly Flights
SAHA Airlines has launched regular flights on the Tehran-Kabul, Mashhad-Mazar-i-Sharif, and Mashhad-...
Direct flights between Tehran, Iran and Dubai, UAE resume
Dubai International Airport (DXB) has welcomed the first direct passenger flight from Tehran's Imam ...
Iranian Billet Up $5/ton WoW, Rebar Down $7/ton WoW
On June 29, 2026, Iranian domestic billet prices rose by 7,000 rials/kg (approximately $5/ton) week-...
South Korea's cable industry is expected to benefit from Middle East reconstruction and orders for extra-high voltage cables from Europe and the United States.
As the global supply chain stabilizes after the US-Iraq war, the power industry is expected to direc...
First Container Ship Arrives at Iran's Shahid Rajaee Port
Iran's Shahid Rajaee Port has received its first container ship after the United States lifted its n...
Strait of Hormuz Shipping Slowdown Threatens Gulf's 5.5 Million Tonne Annual Aluminum Exports
The uncertainty surrounding shipping through the Strait of Hormuz is impacting the global aluminum i...
Iran: Strait of Hormuz Open Free of Charge for 60 Days
Iran's Permanent Representative to the United Nations Office at Geneva, Ali Bahreini, stated on June...
Afghanistan's Herat-Mazar-i-Sharif Railway Receives 55 Billion Afghanis Investment
Mahmoud Siadat stated that a railway construction agreement has been signed between Kabul and Tehran...
Iranian research team boosts perovskite solar cell efficiency by over 20% with random textures
An Iranian research team has systematically analyzed the impact of random interface textures on the ...
Russia and Iran Reach Agreement on Return of Russian Experts to Bushehr Nuclear Plant
Russia and Iran have reached an agreement on the imminent return of Russian experts to Iran to conti...
Uncertainty Increases in US-Iran Talks, International Oil Prices Rise Significantly
Due to the uncertain outlook for the US-Iran negotiations held in Bürgenstock, Switzerland, internat...
Iran's SATBA Plans to Deploy 15 GW of Small-Scale Solar Power
The Renewable Energy and Energy Efficiency Organization (SATBA) of Iran has submitted a plan to the ...
IEA: Oil Market Could Face Over 5 Million Barrels Per Day Supply Glut by 2027
The International Energy Agency (IEA) stated in its latest oil market outlook that the global oil ma...
After US-Iran Agreement Signed, Three Saudi Oil Tankers Carrying 6 Million Barrels of Crude Pass Through Strait of Hormuz
Three Saudi supertankers carrying 6 million barrels of crude oil sailed through the Strait of Hormuz...
German Environment Minister: Iran's Blockade of the Strait of Hormuz Crisis Should Drive COP31 to Phase Out Fossil Fuels
German Environment Minister Carsten Schneider stated that the energy crisis triggered by Iran's bloc...
Iran Pledges Joint Investment in Helmand Textile Mill
During talks held in Iran's South Khorasan Province, a delegation from Afghanistan's Helmand Provinc...
U.S.-Iran Agreement Takes Effect, Strait of Hormuz Reopens, WTI Crude Falls to $76.60
After the U.S.-Iran interim peace agreement took effect, the Strait of Hormuz resumed navigation, wi...
Trump and Pezeshkian Sign Peace Agreement, Now in Effect; Both Sides Disclose Terms
Iranian Foreign Ministry Spokesperson Baghaei stated on the 18th local time that the text of the Mem...
U.S. and Iran Confirm Agreement, International Oil Prices Drop Significantly
As the United States and Iran confirmed an agreement and the Strait of Hormuz is expected to reopen ...
Northern German Chamber of Commerce Calls on Government to Provide at Least €500 Million Annually for Port Infrastructure
The 2026 Spring Economic Survey released by the Northern German Chamber of Commerce (IHK Nord) shows...