Iran started loading crude from a new oil export terminal built just outside the Strait of Hormuz, a key waterway which accommodates a fifth of the global oil supply.
Iran starts loading crude from new terminal outside Hormuz Strait
Iran’s Oil Minister Bijan Namdar Zanganeh said rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.
High oil prices won’t benefit producers in long-run: Zanganeh
The Islamic Republic of Iran Customs Administration (IRICA) called on the government to dismantle a seasonal ban on imports of rice, a demand echoed by rice importers amid low supplies of the staple in the country which could cause a sharp increase in prices over the summer.
Iran’s customs authority for lifting rice import seasonal ban
European stocks fell on Monday as investors react skittishly to rising cases of COVID-19 around the world, fueled by the highly-transmissible Delta variant.
Europe markets drop 2%
The value of Iran’s exports to its African trade partners in the first three months of the current Iranian calendar year (March 21-June 21) showed an increase of 350 percent year-on-year, announced Farzad Piltan, the director general of Trade Promotion Organization’s Office of Arabian and African Countries.
Iran’s three-month exports to African states up 350%: TPO
Iran boosted its caviar output by 12 times in seven years to reach over 12 tons of harvest in the year to late March 2020, according to head of the Iran Fisheries Organization (IFO).
Iranian caviar output up 12-fold in seven years: IFO
Iranian President Hassan Rouhani on Monday inaugurated agricultural projects worth 113.07 trillion rials (about $2.78 billion) through a videoconference.
President Rouhani inaugurates agricultural projects
China, Iraq, the United Arab Emirates, Turkey and Afghanistan accounted for 74 percent of Iran's export share in first three months of current Iranian year (started March 21), according to the head of Trade Promotion Organization of Iran (TPOI).
Five countries account for 74% of Iran’s export in first quarter
The world's leading oil producers agreed on Sunday to continue to modestly boost output from August, after the United Arab Emirates had blocked a deal earlier this month.
OPEC+ countries agree to boost oil supply from August

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