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Iran

Iran is a country in Western Asia, bordered by the Caspian Sea to the north and the Persian Gulf to the south, with its capital in Tehran. It has a population of more than 80-million and operates as an Islamic republic under a theocratic political system combining elected and appointed institutions. Iran possesses one of the world's largest proven reserves of oil and natural gas, making hydrocarbons the backbone of its economy and a major source of export revenue. The country is a member of the Organisation of the Petroleum Exporting Countries and plays a significant role in global energy markets, though international sanctions have periodically constrained its oil exports and financial integration. Its economy also includes significant agricultural, manufacturing and services sectors, with the Iranian rial serving as the national currency. Iran's strategic location and resource wealth give it considerable geopolitical influence in the Middle East, but tensions with the United States, Israel and regional neighbours have led to cycles of sanctions, diplomatic isolation and military posturing. These sanctions have affected trade, investment and technology transfer, prompting Iran to seek closer economic ties with China, Russia and other non-Western partners. The country has invested in domestic refining, petrochemicals and industrial capacity to mitigate external pressures. Iran's nuclear programme remains a focal point of international diplomacy and a driver of sanctions regimes that shape its economic trajectory.

Iran News


Gold bars
Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates
29th September 2026 By: Reuters

Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal. Spot gold... 


SHRINKING BUFFERS: The attacks this month on oil tankers along Middle East shipping routes sent crude prices soaring yet again and amplified the economic risks associated with the protracted conflicts in Iran and Ukraine. While inventories have played a crucial role in balancing the market thus far, the International Energy Agency warns that buffers are shrinking and that the global refining system is severely stretched. Photograph: Reuters
SHRINKING BUFFERS
25th September 2026

The attacks this month on oil tankers along Middle East shipping routes sent crude prices soaring yet again and amplified the economic risks associated with the protracted conflicts in Iran and... 


LNG tanks
LNG buyers and sellers seek greater supply diversity amid Iran war
21st September 2026 By: Reuters

Liquefied natural gas (LNG) buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers... 


HighPeak shale oil operation
US shale oil producer HighPeak Energy exploring sale, sources say
18th September 2026 By: Reuters

HighPeak Energy is exploring a sale after receiving acquisition interest, as the US oil and gas exploration and production company focused on the Permian Basin weighs its options, three people... 


Valterra Platinum executive head: marketing Hilton Ingram.
Six-million-ounce platinum demand opportunity from hydrogen truck fleets
18th September 2026 By: Martin Creamer

If a 20% global truck fleet share can be secured at current or near current platinum loading, there is a six-million-ounce platinum opportunity from a demand perspective, according to Valterra... 


LNG vessel
LNG demand in China and India expected to recover when Mideast war ends
15th September 2026 By: Reuters

China and India's LNG imports are likely to rebound from multi-year lows once the Middle East supply crunch ends and prices ease, industry executives expect, reversing a pick-up in coal and oil use... 


Chevron gas infrastructure
Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India
14th September 2026 By: Reuters

Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East,... 


An oil rig
IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows
11th September 2026 By: Reuters

LONDON – Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the... 


An image of Avanti's satellite
Data sovereignty, connectivity drive satellite interest
11th September 2026 By: Nadine Ramdass

Although the role of satellites in ensuring sovereign ownership of data while boosting rural connectivity is gaining traction amid increasing information and connectivity security, governments must... 


An oil tanker at sea near an offshore oil rig
Brent crude rises above $100 a barrel as Middle East conflict escalates
9th September 2026 By: Reuters

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing... 


Diesel dripping
Goldman Sachs raises oil price forecasts on prolonged Mideast shipping risks
8th September 2026 By: Reuters

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 


Mining input cost inflation slows, but risks to the outlook remain
Mining input cost inflation slows, but risks to the outlook remain
4th September 2026 By: Sabrina Jardim

The Minerals Council South Africa says mining input cost inflation moderated further in July, reflecting a temporary easing in fuel and crude oil prices. The council’s mining composite input (MCI)... 


The Rossing uranium mine
IDC to sell its stake in Namibian uranium mine
4th September 2026 By: Bloomberg

South Africa’s Industrial Development Corporation (IDC) plans to sell its stake in a Namibian uranium project because the mine’s backers include Iranian and Russian entities. The IDC owns about... 


The Sasol destoning facility is delivering coal with sinks of below 12%.
Sasol’s external coal purchases to continue to fall as it targets 34Mt from own mines
1st September 2026 By: Terence Creamer

While Sasol continues to reduce its overall capital expenditure, the JSE-listed group is increasing its investment in its coal mining business to shore up the feedstock needed to raise output at... 


Sasol's Sasolburg plant
Sasol earnings up 9% on higher oil prices, fuel sales volumes
1st September 2026 By: Reuters

South African petrochemical firm Sasol said on Tuesday its annual profit rose 9% from a year ago, buoyed by higher crude oil prices and increased fuel sales volumes.  Sasol's headline earnings per... 


Saffron a potentially lucrative crop for South African farmers, says country’s first mover
28th August 2026 By: Irma Venter

Saffron is the world’s most expensive spice, priced at between $5 000 and $10 000 a kilogram. Iran is the world’s biggest producer, pushing out 85% to 90% of yearly global production, followed by... 


Al Taweelah smelter
EGA restarts quarter of reduction cells at Al Taweelah smelter
26th August 2026 By: Reuters

Emirates Global Aluminium (EGA) said on Wednesday it had brought a quarter of its Al Taweelah smelter in Abu Dhabi back online as the company works to recover from damage caused by an Iranian... 


Crude oil
US refiners face historic stress test as global crisis looms, Reuters columnist says
24th August 2026 By: Reuters

US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a... 


EU flag
Six countries want EU talks in September on taxing windfall profits of oil companies
24th August 2026 By: Reuters

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by... 


A gold bar
Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff
18th August 2026 By: Reuters

Gold's 9% rebound in August to around $4 400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better placed to extend gains... 


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pqt: 0.126s - ct: 0.183s - 275pq - 2rq
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