Iran’s Foreign Reserves Cover One Year of Imports as Oil Exports Collapse

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Iran’s oil exports have collapsed since the US naval blockade began on April 13, with daily loadings falling from 2.1 million barrels to 567,000 barrels, according to tanker-tracking firm Kpler. Onshore storage and tankers in Iranian waters are filling up, and the government has begun cutting oil production. An Iran Open Data analysis of OPEC […]

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Iran’s foreign trade suffers wartime collapse

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Iran’s foreign trade has suffered a sharp contraction in the first month of war with the United States and Israel, newly released customs data show, signaling a severe blow to the country’s already fragile economy. Figures from Iran’s customs administration show non-oil trade collapsed in the final month of the previous Iranian fiscal year (February

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The War’s Severe Damage to Iran’s Economy Comes Into View

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The economic toll of more than two months of war is visible in Iran, as a U.S. naval blockade and the effective halt of the Islamic Republic’s maritime trade triggers mounting pressure across the economy. The sharp depreciation of the Iranian rial is the clearest sign so far of a broader economic breakdown now unfolding.

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Strikes on petrochemical hubs leave Iran short of plastics

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ran is facing severe shortages of key petrochemical products after recent strikes on its main production hubs, according to two informed sources inside the country. Earlier this month, Israel targeted facilities in Mahshahr and Asaluyeh, Iran’s two principal petrochemical centers, which together account for roughly three-quarters of the country’s output. According to commercial sources who

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Iran Under Pressure as War Exposes Deep Industrial Damage

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With a tentative ceasefire expiring and an incomplete lifting of Iran’s blockade of the Strait of Hormuz, the central question now is whether Iran will receive meaningful relief—particularly in the form of sanctions easing—or whether the United States will tie the lifting of sanctions to conditions such as curbs on regional activities or missile capabilities.

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Renewed focus on Caspian energy transit amid the Iran war

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Turkey’s energy minister has emphasized the need to launch the second phase of the “Southern Gas Corridor” pipeline to double Azerbaijan’s gas exports to Europe. The pipeline, which became operational about seven years ago, currently transports 16 billion cubic meters (bcm) of Azerbaijani gas annually to Turkey and Europe. However, with only a few billion

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The Iran War’s Damage to Global Aviation

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Since the United States and Israel launched their campaign against the Islamic Republic, Iran has delivered a severe shock to global aviation, particularly in the Middle East. Normal conditions will not soon return. The current crisis goes beyond flight cancellations or air transport costs. By disrupting the Strait of Hormuz—one of the main transit routes

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US blockade targets Iran oil boom amid regional disruption

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The United States moved to impose a naval blockade on Iran just as the country’s oil exports were surging to their highest levels in years, underscoring Washington’s effort to halt a wartime boom in Tehran’s energy revenues. The move followed the collapse of negotiations in Pakistan and comes amid a war that has disrupted much

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Ban on Petrochemical Exports Following Shutdown of Three-Quarters of Iran’s Production Capacity

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Iran’s National Petrochemical Company has announced a blanket ban on the export of “all petrochemical products” until further notice. The stated aim of the decision is to “stabilize the domestic market and prevent shortages of feedstock and raw materials.” During the recent 39-day war, Israel carried out extensive strikes on Iran’s petrochemical facilities, particularly in

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Iran’s Petrochemical Sector Faces Fresh Strain After Israeli Strikes

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Israel’s recent strikes on Iran’s southern petrochemical infrastructure have raised concerns over potential disruptions to one of the country’s key sources of export revenue, underscoring the strategic vulnerability of its energy sector. In recent days, Israel hastargeted at least eight large petrochemical facilities in Mahshahr, a major industrial zone in Khuzestan province, before extending its attacks

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