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Iran oil minister Mohsen Paknejad said on the 23rd a new gas field was discovered in southern Fars province with gas in place of about 7.5 trillion cubic feet (≈212.4 billion cubic meters) and estimated recoverable reserves of Roughly 5.7 trillion cu

2026-08-24

Iran oil minister Mohsen Paknejad said on the 23rd a new gas field was discovered in southern Fars province with gas in place of about 7.5 trillion cubic feet (≈212.4 billion cubic meters) and estimated recoverable reserves of Roughly 5.7 trillion cubic feet (≈161.4 billion cubic meters).

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2026-08-23

The Iranian rial hit a record high against the US dollar today, reaching 200,000 tomans (equivalent to 2 million rials); the British pound and the euro also broke through the 272,000 toman and 234,000 toman marks respectively.

The Iranian rial hit a record high against the US dollar today, reaching 200,000 tomans (equivalent to 2 million rials); the British pound and the euro also broke through the 272,000 toman and 234,000 toman marks respectively.
2026-08-24

Iran's Supreme National Security Council secretary Rezaei warned that if economic warfare against Iran continues, not a drop of oil will be exported from the Strait of Hormuz or anywhere in the Persian Gulf. He said Tehran will regard any country tha

Iran's Supreme National Security Council secretary Rezaei warned that if economic warfare against Iran continues, not a drop of oil will be exported from the Strait of Hormuz or anywhere in the Persian Gulf. He said Tehran will regard any country that participates in or supports US economic measures against the Iranian people as committing an act of war.
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