EU Weighs Flexible Gas Storage Targets amid Price Concerns
TEHRAN (Tasnim) – European Union countries are considering easing the bloc’s binding gas storage targets over concerns that the current rules could drive up prices, according to a draft negotiating document seen by Reuters.
Trump’s Tariff Stance Rattles Markets, Sparks Global Selloff
TEHRAN (Tasnim) – Asian stocks declined sharply on Tuesday as fears of a broadening trade war’s impact on US economic growth fueled a market selloff, driving investors toward the safe-haven Japanese yen.
IRGC Base Undertakes Project at South Pars Gas Field
TEHRAN (Tasnim) – The Khatam al-Anbia Construction Base, a conglomerate belonging to the Islamic Revolution Guards Corps, undertook a project to boost pressure at the South Pars gas field in the Persian Gulf.
Turkey Imports Turkmen Gas via Iran Under Barter Deal
TEHRAN (Tasnim) – Turkey has started importing Turkmen natural gas through Iran as part of a barter arrangement, Turkish Energy Minister Alparslan Bayraktar said.
Mexico Seeks New Crude Buyers in Asia, Europe after US Tariffs
TEHRAN (Tasnim) – Mexican state oil company Pemex is exploring alternative markets for its crude, engaging in talks with potential buyers in Asia and Europe after US President Donald Trump imposed tariffs on imports, a senior Mexican government official said.
Saudi Aramco Sees 12% Drop in Profit to $106 Billion amid Lower Energy Prices
TEHRAN (Tasnim) – Saudi Aramco reported a net profit of $106.25 billion in 2024, a 12% decline from the previous year, as lower energy prices weighed on earnings.
Citigroup Nearly Credits $6 Billion to Customer in Wealth Division Error
TEHRAN (Tasnim) – Citigroup (C.N) narrowly avoided mistakenly crediting about $6 billion to a customer's wealth-management account due to a clerical error, Bloomberg News reported on Monday, citing sources familiar with the matter.
Iran’s Economy Minister Dismissed after Losing Parliamentary Vote of Confidence
TEHRAN (Tasnim) – Iranian lawmakers on Sunday gave a vote of no confidence to the minister of Economic Affairs and Finance, terminating the term of Abdolnaser Hemmati 193 days after he took office.
Trump Names Cryptocurrencies in Strategic Reserve, Boosting Market Prices
TEHRAN (Tasnim) – US President Donald Trump announced on social media the inclusion of five digital assets in a planned US strategic reserve of cryptocurrencies on Sunday, driving their market values higher.
Iran Can Nullify Sanctions: President
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian described national unity, closer cooperation with neighbors, and exploitation of international agreements as the elements that would help Iran rise to the economic challenges and neutralize the sanctions.
Parliament Impeaches Iran’s Economy Minister
TEHRAN (Tasnim) – Iranian Minister of Economic Affairs and Finance Abdolnaser Hemmati has appeared in the Parliament this morning, March 2, for an impeachment inquiry in the wake of devaluation of the national currency.
Markets Rattle As Trump, Zelenskiy Clash in Heated White House Meeting
TEHRAN (Tasnim) – Financial markets reacted with caution on Friday after a tense Oval Office exchange between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy, adding to investor uncertainty amid economic concerns and trade policy volatility.
China Advises AI Experts to Avoid US Travel over Security Risks : WSJ
TEHRAN (Tasnim) – Chinese authorities have advised the country’s leading artificial intelligence (AI) researchers and entrepreneurs to avoid traveling to the United States over security concerns, the Wall Street Journal reported on Friday, citing sources familiar with the matter.
Bitcoin Plunges to $89K As Trump Tariffs Spark Market Turmoil
TEHRAN (Tasnim) – Bitcoin's price tumbled sharply on Tuesday, dropping to $89,000 amid broader market fears triggered by new tariffs imposed by US President Donald Trump.
Administration Committed to Addressing Challenges: Iran’s President
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian highlighted his administration’s commitment to working to address all challenges.
Iran-China Oil Flows Surge As Traders Circumvent US Sanctions
TEHRAN (Tasnim) – Oil shipments from Iran to China have significantly increased this month, as traders overcame logistical challenges stemming from tighter US restrictions, enabling a backlog of cargoes to reach the world’s largest crude importer.
Brazil to Host BRICS Summit in July amid Trade Tensions with US
TEHRAN (Tasnim) – Brazil announced on Saturday that the next BRICS summit will be held in Rio de Janeiro on July 6-7, as the country assumes the group's presidency through 2025.
President Visits Shipyards, Oil Platforms South of Iran
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian visited a number of ship manufacturing factories, onshore oil and gas platforms, and maritime industry facilities in the southern coastal province of Bushehr on Thursday.
