Oil prices declined sharply on Thursday as prospects for a renewed US-Iran nuclear agreement and an unexpected rise in US crude stockpiles raised fears of oversupply.
Iranian Labour News Agency
Oil prices declined sharply on Thursday as prospects for a renewed US-Iran nuclear agreement and an unexpected rise in US crude stockpiles raised fears of oversupply.
Iran’s economy minister says the US government’s focus on trade tariffs exposes the futility of repeating the maximum pressure campaign against Iran.
Iran’s exports of steel products reached $2.9 billion in the first half of the the current Iranian calendar year (started March 21, 2024), Islamic Republic of Iran Customs Administration (IRICA) reported.
Iran’s steel output rose in the seven months to July despite a global fall in production and despite power cuts imposed on steel producers in the country this summer.
According to the latest figures released by the Statistical Center of Iran (SCI), the country’s monthly inflation rate has dropped to 2.2% for the Iranian calendar month ending on November 21, 2023.
The head of the Atomic Energy Organization of Iran (AEOI) has called for global condemnation of an Israeli minister’s threat of using nuclear bombs against the Gaza Strip, pointing out that the remarks also count as an admission of possessing atomic bombs.
Zionist currency of the Shekel has dropped to its lowest against the US dollar since 2017, according to an Al Mayadeen report.
Iran's production of semi-finished steel has increased by 24.9% during the first four months of the Iranian calendar year (March 21 to July 22, 2023), according to the Iranian Steel Producers Association (ISPA).
Figures by the Statistical Center of Iran (CBI) show that the country’s monthly inflation rate in July was the lowest in the last 16 months.
Iran’s national currency, the rial, is slowly rallying against the US currency, according to reports from the unofficial exchange market in the capital Tehran.