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Khamenei and IRGC Expand Control Over Iran’s Oil Revenues and State Assets
Iran’s new budget law significantly increases allocations of oil revenues and public funds to the Islamic Revolutionary Guard Corps (IRGC), strengthening military and Supreme Leader-linked institutions. This fiscal year, the IRGC is set to gain greater control over state assets, with military funding rising substantially. The government anticipates daily oil exports of 1.85 million barrels, with one-third earmarked for military use, reflecting a threefold increase. Additionally, military and security forces will receive 10% of the general budget for salaries. The law allows IRGC-affiliated entities to acquire state assets, indicating a pivotal shift in Iran’s economic and political landscape.
Unlocking $600 Billion: How Generative AI Can Transform BRICS+ Economies
A recent analysis by Yakov and Partners highlights the economic potential of generative AI in BRICS nations, predicting benefits of $350-600 billion by 2030 and a total contribution of $0.9-1.4 trillion, representing about 20% of AI’s overall impact. The report coincides with the BRICS alliance’s 2024 expansion, adding Saudi Arabia, UAE, Iran, Egypt, and Ethiopia, which enhances its geopolitical influence and aims for a multipolar world. This growth supports initiatives like de-dollarization, strengthening economic ties among member states and positioning BRICS as a key player in global economic and political dynamics.
Iran’s Non-Oil Exports Soar by $25 Billion in First Half of 2023, Reports TPOI
The Trade Promotion Organization of Iran (TPOI) reported significant growth in the country’s non-oil exports, totaling $25.922 billion from March 21 to September 22, 2024, a 6% increase from the previous year. The previous fiscal year saw a record $57 billion in non-oil exports, up 15.8%. In contrast, non-oil imports in the first half of 2024 were $33.463 billion, declining to $28.367 billion in 2025. TPOI head Mohammad Ali Dehghan Dehnavi emphasized the achievements and resilience of Iranian exporters, as the sector adapts to economic challenges and explores new markets, enhancing product quality and diversity for future growth.
Iran Achieves Milestone: $5.2 Billion in Agricultural Exports in Just One Year!
Iran’s agricultural exports surged by 29% from March 21, 2024, to March 20, 2025, reaching $7.6 billion, an 11% increase from the previous year. This growth underscores the vitality of the agricultural sector, with key exports including pistachios, tomatoes, and dates. Notably, saffron exports totaled $185 million, making Iran a leading global producer, with the UAE, Spain, and China as top markets. The strong performance of these products positions Iran favorably in international trade, promising further advancements in agricultural capabilities and export growth to meet global demand.
This article will be expanded with more detailed information shortly. This article will be expanded with more detailed information shortly. This article will be expanded with more detailed information shortly.
Oil Shipping Rates Soar as US Targets Russia and Iran’s ‘Dark Fleet’
Shipping costs for oil from the Middle East to China have surged by over 39% to $37,800 per Very Large Crude Carrier (VLCC) due to recent U.S. sanctions targeting 183 tankers involved in transporting Russian and Iranian oil. As a result, China is increasing oil imports from Arab exporters and avoiding sanctioned tankers. Iranian oil exports to China have dropped by about 500,000 barrels daily recently, with around a third of tankers now under some form of sanctions. Meanwhile, Chinese refineries are shifting towards alternative suppliers, driving up demand and prices for oil from non-sanctioned regions.
