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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


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... 


Aluminium
Norsk Hydro's Alunorte ramps up production after deal with gas supplier
14th August 2026 By: Reuters

Norsk Hydro's Alunorte refinery in Brazil has started ramping up alumina production to full capacity after reaching a temporary agreement with its gas supplier, the Norwegian company said on... 


Aluminium
Aluminium on thin ice as LME stocks hit 36-year low, Reuters says
14th August 2026 By: Reuters

London Metal Exchange (LME) stocks of aluminium have slumped to their lowest level since 1990, attesting to the supply-chain dislocation caused by the Iran war. Gulf production of primary... 


Oil rig
Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says
13th August 2026 By: Reuters

Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt... 


EGA's Al Taweelah aluminium smelter
EGA's Al Taweelah aluminium smelter running at 18%, expects full return in early 2027
12th August 2026 By: Reuters

Emirates Global Aluminium (EGA) said on Wednesday its Al Taweelah smelter was operating at 18% of capacity and is expected to return to prior output levels in early 2027. An Iranian strike in... 


ConocoPhillips' Willow project in Alaska
New ConocoPhillips CEO inherits $7bn cash flow pledge riding on Alaska oil project
11th August 2026 By: Reuters

Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged... 


An image of fertiliser
Fertiliser disruptions present food security risks
7th August 2026 By: Nadine Ramdass

The ongoing US-Iran war, and resulting disruption of the Strait of Hormuz, continues to  impact critical industries including fertiliser production, which could have implications for African food... 


Canadian Natural Resources' Kirby oil sands operation
Canadian Natural Resources beats quarterly profit estimates
6th August 2026 By: Reuters

Canada's largest oil and gas producer Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, benefiting from higher oil and natural gas production. Canadian oil... 


Nutrien's Patience Lake potash operation
Potash producer Nutrien misses profit estimates as lower volumes blunt higher prices
6th August 2026 By: Reuters

Nutrien missed analysts' estimates for second-quarter profit on Wednesday as lower potash and nitrogen sales volumes offset the benefit of higher fertilizer prices at the world's largest potash... 


TSX building
TSX hits record high as mining and technology shares jump
5th August 2026 By: Reuters

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions. The Toronto Stock Exchange's... 


Shale gas
US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
5th August 2026 By: Reuters

US shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February,... 


ASX screens
Miners lead Australian stocks to record highs on signs of easing Iran tensions
5th August 2026 By: Reuters

Australian shares opened at a record high on Wednesday, led by miners, as hopes grew for an imminent end to the five-month-long Iran war. The S&P/ASX 200 index rose as much as 0.7% to a record... 


Aluminium bar
LME aluminium stocks fall to lowest this century
27th July 2026 By: Reuters

Aluminium stocks on the London Metal Exchange have slumped to their lowest this century as supply constraints in the war-hit Middle East leave consumers drawing down inventories to secure metal.... 


TSX building
TSX rises to record high, led by energy and mining shares
23rd July 2026 By: Reuters

Canada's main stock index rose to a record high on Wednesday as higher commodity prices boosted energy and metal mining shares, and despite signs that renegotiation of a continental trade pact will... 


A map indicating the global distribution and regional exposure profile of baseline water stress for mining and metals facilities
Competition for water resources a risk to the global energy transition, warns ICMM
22nd July 2026 By: Chanel de Bruyn

Mining and metals advocacy group the ICMM warns that water availability could, in many regions, act as a constraint on the development of new mines and related facilities, particularly for the... 


Oil tankers at sea
Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist
21st July 2026 By: Reuters

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and... 


Oil and pipeline infrastructure
Iran to restore 100-million cubic metres of lost gas output in coming months, official says
20th July 2026 By: Reuters

Iran expects to restore around 100-million cubic metres a day of natural gas production capacity within the coming months, a senior government official said on Monday according to the oil... 


Oil refinery
Forget crude, war pushes refiners to the brink - Reuters
20th July 2026 By: Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 


Strait of Hormuz
Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says
17th July 2026 By: Reuters

If the US and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency (IEA) executive director Fatih Birol said... 


Fossil generation ‘substituted’ by renewables in 2025  amid electricity tipping point
Fossil generation ‘substituted’ by renewables in 2025 amid electricity tipping point
17th July 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... 


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pqt: 0.136s - ct: 0.19s - 275pq - 2rq
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