Iran has imported more than $400 million worth of wheat this year amid lower domestic output that has forced the government to ramp up purchases from regional suppliers.

A memorandum of understanding (MoU) was signed between Iranian and Omani officials to strengthen bilateral cooperation in the fields of flight operations, airport services, and strengthening air transportation infrastructures.

Industry Minister of the Republic of Belarus Andrei Kuznetsov has said that his country is interested in building joint pharmaceutical factories with Iran.

In a meeting with Belarus’s industry minister, Iran’s oil minister emphasized that Tehran has prepared a portfolio of oil and gas contracts aimed at attracting friendly partners.

Iran’s national airline, IranAir, has repaired three aircraft that had been grounded due to sanctions limiting Iranian airlines’ access to foreign-made parts and maintenance technology.

Two Russian senators have strongly rejected the European Troika’s attempts to restore sanctions against Iran as “invalid,” warning that such moves lack any legal or political credibility.

China’s trade surplus has for the first time exceeded the $1 trillion mark – a level unmatched by any other nation in the world, the country’s General Administration of Customs has announced.

By Basim Laleh, Economic Reporter | Borna News Agency: With U.S. Ambassador to Turkey Tom Barrack praising the “Turkey–Azerbaijan energy corridor” as a new horizon for regional energy security, Azerbaijan’s rapidly growing gas exports to Europe have reached a level that could seriously undermine Iran’s standing in regional gas geopolitics and key transit routes to Europe. Analysts warn that the continuation of this trend may effectively push Iran out of one of the most strategic energy corridors in the world.

Figures from the Statistical Center of Iran (SCI) show that the share of taxes in Iran’s gross domestic product has risen in recent years as part of efforts to curb the country’s reliance on oil export revenues.

President Masoud Pezeshkianon on Saturday inaugurated one of Iran’s most ambitious infrastructure projects for the transfer of water from the Oman Sea to the central plateau, stretching over 800 kilometers from Sirjan to Isfahan.

A high-level commercial delegation from Russia’s Ulyanovsk province has arrived in Iran to explore trade and investment opportunities.

Iran’s Minister of Industry, Mine and Trade Mohammad Atabak has said that new production line for hybrid and electric cars would be unveiled before the termination of the current Iranian calendar year (started March 21, 2025).