Gold prices fell sharply in global trading on Friday after remarks by Federal Reserve Chair Kevin Warsh strengthened expectations that US interest rates could be raised.
Iranian Oil Minister Mohsen Paknejad said the country’s oil sales have not stopped, stressing that despite a decline in volumes, deliveries to customers in distant waters are continuing.
Friday marks six months since the start of the US and Israeli regime’s military aggression against Iran, a conflict that has disrupted global energy supplies and sent ripples through financial markets worldwide.
Gold prices edged higher in global trading on Thursday as concerns over a weakening US dollar continued to support demand for the precious metal.
US President Donald Trump says the United States does not need Canada, but nearly four million barrels of Canadian crude oil flow south every day, helping fuel American cars, trucks and aircraft and supplying US industry. Oil is only part of the story.
Iran's capital market headed into the weekend with a rare surge on the final trading day of the week. The Tehran Stock Exchange's main index, TEDPIX, jumped more than 162,000 points—one of its strongest daily gains on record—to reach 6,386,000 points.
The Tehran Stock Exchange’s benchmark index crossed the historic 6 million-point threshold for the first time on Saturday, August 22, after gaining more than 126,000 points by the midpoint of trading, as fresh liquidity continued to flow into the stock market.
Iran is preparing to launch construction of a 5,000-megawatt solar power plant in Isfahan Province, a project that officials say could become the world’s largest solar facility if completed as planned.
China curtailed enough clean electricity in the six months through June 2026 to power Mexico for an entire year, as the country’s power grids increasingly ran up against capacity constraints.
Abdolnasser Hemmati, Governor of the Central Bank of Iran, met with Iraqi Prime Minister Ali Faleh Al-Zaidi on Monday in Baghdad as part of his official visits to Iraq.