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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


An oil rig
Oil surges, stocks tumble as Trump declares Iran MoU 'over'
Updated 4 hours ago By: Reuters

Oil surged by more than 5% on Wednesday and global stocks and bond prices tumbled, as investors fled risk assets after US President Donald Trump said the memorandum of understanding signed with... 


Oil
Global oil output to return to pre-Iran war level by year's end, US EIA says
Updated 6 hours ago By: Reuters

Global oil output and trade flows should rebound fully by the end of this year from the disruptions caused by the Iran war, the US Energy Information Administration (EIA) said on Tuesday. Global... 


Aluminium
Japan Q3 aluminium premiums soar to highest since 2015 on Mideast supply squeeze
Updated 6 hours ago By: Reuters

Japanese aluminium buyers agreed to pay premiums of $395 a ton for shipments between July and September, the highest since 2015, as the US-Israeli war on Iran squeezed supply, five sources involved... 


Coal truck
Vietnam looks at more coal power plants as Iran war complicates LNG plans
Updated 6 hours ago By: Reuters

Vietnam's government is considering building more coal-fired power plants to ensure it can meet its energy needs, the government said on Wednesday, as the Iran war further complicates its slow... 


Gold coins
China gold reserves rise most since 2023 even as bullion tumbles
7th July 2026 By: Reuters

China's central bank reported its biggest monthly increase in gold reserves in more than two and a half years in June, official data showed on Tuesday, although bullion prices tumbled. China's... 


Oil in hand
Oil prices settle at pre-Iran war levels as crude output grows
7th July 2026 By: Reuters

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports... 


A copper and cobalt mine in the DRC
Congo sees no major threat from Middle East crisis to copper, cobalt output
6th July 2026 By: Reuters

Democratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior... 


Oil worker on an oil pump
Oil prices little changed ahead of long US weekend as peace efforts hold
3rd July 2026 By: Reuters

Oil prices were little changed on Friday before a long holiday weekend in the US, as traders held on to hopes that attempts to secure peace in the Middle East between the US and Iran would... 


Canada Prime Minister Mark Carney
Canada, Alberta announce new west coast oil pipeline to boost exports
3rd July 2026 By: Reuters

Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its... 


A generic image of gold bars
Gold price outlook hinges on macroeconomic conditions as geopolitical risks, Asian demand gain influence
1st July 2026 By: Lumkile Nkomfe

In its latest gold appraisal, industry body the World Gold Council says the performance of the gold price in the first half of this year has underscored a sensitivity to shifting macroeconomic... 


Coal mine
China will lead both renewable energy and coal consumption, Reuters says
1st July 2026 By: Reuters

China's latest five-year energy plan confirms two seemingly contradictory positions: it will continue to be the world's leader in both renewable energy and coal. The trick is to view China's plans... 


Thungela maintains interim export guidance despite volatile coal markets
Thungela maintains interim export guidance despite volatile coal markets
30th June 2026 By: Sabrina Jardim

JSE-listed Thungela Resources says it continues to monitor the impact of the ongoing conflict in the Middle East on its employees and the broader operating environment, noting that, to date, the... 


Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
30th June 2026 By: Terence Creamer

Record global electricity demand last year was met entirely by low-carbon sources, resulting in fossil fuels generation being substituted rather than supplemented, the Energy Institute’s... 


Strait of Hormuz
Oil climbs following renewed US, Iran strikes in Middle East
29th June 2026 By: Reuters

Oil prices rose on Monday following days of tit-for-tat strikes by the US and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of... 


China's national flag
China accelerates plans for sulphur futures as Iran war amplifies price swings, sources say
29th June 2026 By: Reuters

China is planning to launch its first sulphur futures contracts this year, sources said, in a push to help hedge against price swings and increase its pricing power in the global trade for a key... 


An image of copper
US-Iran deal to have varied impact on metals complex – BMI
26th June 2026 By: Tasneem Bulbulia

The metals complex is poised for a mixed performance following the US-Iran deal announced in June, with easing demand-side concerns supporting industrial metals, while the alleviation of... 


Coal import data from December 2025 to June 2026
Asia's thermal coal imports jump on China, Japan, S.Korea buying
26th June 2026 By: Reuters

Asia's imports of seaborne thermal coal are rebounding as China boosts purchases to compensate for soft domestic output and Japan and South Korea seek energy security amid the fallout from the... 


IMF logo
IMF says it will take time for energy, commodity prices to normalize after US-Iran deal
26th June 2026 By: Reuters

The International Monetary Fund (IMF) said on Thursday it has seen energy and commodity prices fall since the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but it will take... 


LPG gas bottles
Alberta boosts LPG exports by rail as US summer demand booms
26th June 2026 By: Reuters

Railway exports of liquefied petroleum gases (LPG) from the Canadian production hub of Edmonton, Alberta, to refining and trading centers in the US are unusually high this summer owing to strong... 


Kolomela iron-ore mine in South Africa
Iron-ore heads for seventh weekly loss on swelling inventory, falling steel demand
26th June 2026 By: Reuters

Iron-ore prices fell on Friday and were headed for a seventh straight weekly loss, weighed down by swelling portside inventory and faltering steel consumption in top consumer China, as well as... 


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pqt: 0.042s - ct: 0.087s - 105pq - 2rq
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