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Iran and Belarus Forge Stronger Trade Ties: A New Era of Economic Collaboration
In a meeting with the Belarusian ambassador in Tehran, Iran’s Trade Promotion Organization head, Mohammad Ali Dehghan Dehnavi, emphasized the need to enhance trade cooperation between Iran and Belarus. He highlighted the potential of a joint commission meeting to address trade challenges and promote mutual benefits across various sectors, including agriculture, manufacturing, energy, and technology. Both nations are committed to identifying and removing trade barriers and fostering deeper economic integration. The upcoming 18th session of the Iran-Belarus Joint Commission is expected to facilitate further collaboration and strengthen economic ties, paving the way for a prosperous future in trade relations.
Iran Achieves Milestone with First-Ever Production of ATOS60-Grade Steel Sheet
Saba Steel and Rolling Mill Company is prioritizing the production of high value-added products, aligning with the goals of Mobarakeh Steel Company Group to enhance customer satisfaction. CEO Qasem Khoshdelpour announced the successful design and production of HAS60, a high-strength hot-rolled automotive steel equivalent to ATOS60, marking Iran’s first domestic production of this grade. COO Bahman Khalili emphasized the focus on quality and innovation, while Technology Director Arash Hajipour highlighted the benefits of modern steel grades in reducing emissions and improving safety in the automotive industry. The initiative aims to meet local demand and reduce import reliance.
Iran’s Foreign Trade Surges by $54 Billion in First Half of Year, Reports IRICA Chief
Iran’s economy has demonstrated notable resilience, particularly in non-oil exports, which exceeded $25 billion from March 21 to September 22, 2025. During this period, Iran exported nearly 75 million tons of goods, marking a 6% increase in weight compared to the previous year. Over 100 countries received these exports, underscoring Iran’s commitment to diversifying its economy despite challenges like international sanctions. Key strategies include broadening export products and expanding market reach, positioning non-oil exports as a crucial component of Iran’s economic stability and growth. This performance reflects Iran’s aim to enhance its global trade relations.
Iran Refutes Claims of Oil Surplus Piling Up at Sea Amid Market Speculation
Iran has sold all of its crude oil stock on tankers, countering claims from tanker tracking services Kpler and Vortexa that suggested 120 million barrels remained unsold. An informed source stated that Iran’s oil exports increased by 0.12 million barrels per day leading up to late July, indicating no floating oil storage. Delays in unloading tankers may explain the perceived stockpiles. Iran employs a network of tankers and brokers to navigate US sanctions and has achieved record exports of 1.8 million bpd, primarily to private buyers in China. This resilience highlights Iran’s strategic adaptability in the global oil market.
Pezeshkian Calls on Iran Envoys to Break Down Trade Barriers for Economic Growth
Iran’s president recently highlighted the vital role of new ambassadors in enhancing the country’s international relations during a meeting with envoys, including Ramin Zare (Nicaragua), Marzieh Afkham (Slovenia), and Reza Najafi (UNOV). He expressed optimism about their potential to foster exchanges in economy, politics, culture, science, and education. The president urged them to counter negative perceptions of Iran and project its true image abroad. The ambassadors will focus on promoting trade agreements, cultural diplomacy, and educational ties while advocating for Iran’s interests globally. Their efforts are crucial for improving Iran’s diplomatic standing and fostering international cooperation.
US Suspends Vital Support for Ukraine’s Energy Grid Restoration Efforts
The U.S. State Department has terminated the Ukraine Energy Security Project, a key USAID initiative aimed at restoring Ukraine’s energy grid, raising concerns about future American support for the country. USAID is significantly downsizing its operations in Ukraine, reducing staff from 64 to 8. The initiative’s end follows a broader trend of decreased international aid amid shifting political priorities. This decision could severely impact Ukraine’s energy infrastructure recovery, prompting questions about its ability to meet energy needs. Observers are closely monitoring the situation, considering future U.S. political commitments and international partnerships for support.
