Iran has introduced a new pricing tier for its subsidized gasoline, marking the first price adjustment since 2019.

Iran raised the price of its subsidized gasoline for most users on Saturday, a government spokesperson said, as the OPEC member seeks to control rising fuel demand without triggering public anger.

Iran's currency slipped to the lowest level in its history on Monday, nearing 1,250,000 rial to the U.S. dollar on the open ...

Bank of America observes that the most likely scenario is to maintain the status quo of "no war, no peace," with a continued risk of disruptions to shipping in the Red Sea.