Iran will increase cooking oil imports by 200,000 tons in the short term to prevent any shortages.

The lingering challenge posed by the Ukraine crisis to the global food market has prompted many countries around the world to work through contingency plans to maintain food security to the point of supporting smuggling.

The US trade deficit hit a new record of $109.8 billion in March fueled by strong demand for computers, vehicles, and oil, according to a report by the US Census Bureau released on Wednesday.

An American political analyst says Iran can generate more jobs for its people and enhance its competitive position in the global market by focusing on a “sanctions-proof economy”.

Iran’s customs office says the country has temporarily stopped commercial imports of COVID 19 vaccines.

Iran orders meat imports of up to 10,000 metric tons to control surging domestic prices.

Iran expects a major surge in gasoline demand as the country struggles to prevent imports, says a report.