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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


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... 


Rio Tinto's Resolution Copper operation
Rio Tinto beats quarterly iron-ore sales estimates, flags rising diesel costs
15th July 2026 By: Reuters

Diversified miner Rio Tinto posted better-than-expected second-quarter iron-ore sales on Wednesday, supported by strong operational performance, though it will need a stronger second half to meet... 


Iron-ore pile
China June iron-ore imports at six-month high on robust shipments, resilient demand
14th July 2026 By: Reuters

China's iron-ore imports in June rose by 15% from the month before to a six-month high, as miners increased shipments to achieve quarterly guidance and as lower prices sparked more buying among... 


Iran oil fields
Oil hits four-week high as US, Iran step up attacks in Strait of Hormuz
14th July 2026 By: Reuters

Oil prices rose on Tuesday to their highest in four weeks, as the US reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows... 


Coal pile
China's June coal imports jump 29% after mine accident
14th July 2026 By: Reuters

China imported 42.78-million tons of coal in June, customs data showed on Tuesday, up 29% from a year earlier as a mine accident in late May tightened domestic supply and led to higher imports.... 


Precious metals prices drop amid resurfacing Middle East tensions
Precious metals prices drop amid resurfacing Middle East tensions
13th July 2026 By: Sabrina Jardim

Following the latest hostilities in the US war with Iran, precious metals prices dropped across the board, with the gold price falling back below $4 100/oz and silver below $60/oz. In its latest... 


Coal mine in Vietnam
Vietnam eyes building more coal power as war squeezes LNG supply
10th July 2026 By: Bloomberg

Vietnam is considering developing more coal-fired capacity to meet its power needs as the US-Iran war constrains supplies of liquefied natural gas (LNG). “Recent conflicts in the Middle East have... 


Hydro employee at aluminium smelting operation
Aluminium supply shock revives long-idled Western smelters, Reuters says
10th July 2026 By: Reuters

The supply shock caused by the Iran war is sparking old Western aluminium smelters back into life. In the US, Magnitude 7 Metals is reactivating the New Madrid smelter in Missouri. 


An oil rig
Oil surges, stocks tumble as Trump declares Iran MoU 'over'
8th July 2026 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
8th July 2026 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
8th July 2026 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
8th July 2026 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... 


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