Samad Hassanzadeh, head of Iran's Chamber of Commerce, spoke at the 30th National Export Day ceremony, describing the country's situation as “neither war nor peace” amid economic pressure and threats to shipping routes. He credited private-sector exporters with sustaining production, employment and foreign-currency earnings despite US-led economic pressure. He called for an immediate “continuous foreign trade headquarters” bringing together government agencies, the private sector, customs and the Central Bank to diversify transport corridors, streamline border procedures and improve risk management and insurance for high-risk routes. He also urged an overhaul of currency repatriation rules, an end to punitive measures against reputable exporters, and more flexibility in meeting foreign-exchange obligations.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on islamicinvitationturkey.com ↗
Keywords
Iransanctionsexportsgeopolitics
Open a keyword to see other news on the same topic.
Related news
- Iran Former Labor Minister Says The Economy Is Fine If You Ignore Inflation
Former Iranian labor minister Hojjat Abdolmaleki told state television that the economy has no serious problems if inflation is set aside, a claim the author strongly rejects. Year-on-year inflation is 89.8%, while the annual inflation measure rose from 69.9% in August to 73.6% in September, and cooking oil prices are up more than 250% from a year earlier. The article links the economic strain to a collapse in oil exports, which fell from about 230,000 barrels per day to near zero under the American naval blockade, and to a rial that has lost roughly 35% against the dollar since July. It also cites an IMF projection of a 7.6% contraction in 2026 and reports delayed unemployment benefits and pension shortfalls.
- Iran Oil Exports Have Collapsed To ZERO | Armstrong Economics
According to Vortexa data cited in the article, Iran's seaborne crude exports fell from a 14-day average of 230,000 barrels per day in early September to zero, with about 83 million barrels of Iranian crude stuck on tankers. LPG exports dropped 48% from the previous month, and the rial has lost about 35% against the dollar since July, with annual inflation at 73.6% in September. The IMF projects Iran's economy will shrink 7.6% in 2026, while Iranian government figures show GDP contracted about 10% during the spring. The author argues the naval blockade threatens Tehran's finances and could push up energy and shipping costs in the wider region, citing a 9.1% jump in U.S. gasoline prices in September. Russia now accounts for 80% of high-risk petroleum exports tracked by Vortexa among Iran, Russia and Venezuela.
- Every Day We Wake Up Poorer : Iranians Battle Economic Woes
Radio Farda reports that Iranians are cutting back on basic spending as living costs climb. A newlywed woman in Tehran used her wedding money for a housing deposit and now works two shifts to repay a loan, while many families are replacing meat and chicken with substitutes and dropping leisure activities. The pressure comes from years of sanctions, inflation, a sliding rial, the war launched by the US and Israel on February 28, a US naval blockade of Iranian ports, and a new US sanctions campaign dubbed “Economic D-Day.” A meal of ghormeh sabzi with rice can cost 23 million rials ($8.45), annual inflation hit 89.9% in September, and the monthly wage is estimated at around $100. According to Factnameh, a basket of 11 essential foods cost 56 million rials ($20.70) per person in September, while the government's 10 million rial food voucher covered less than 18% of that cost, down from about 30% in December 2025. On October 23, central bank Governor Abdolnaser Hemmati acknowledged the “heavy burden” on Iranians.
- Trump at South Florida rally revives idea of military intervention in Cuba after Iran
At a rally in Fort Myers, Florida on Friday, Trump said US warships returning from the Iran war could stop off Cuba, reviving an idea he had floated earlier this year. Secretary of State Marco Rubio then posted that “now is the time” for action on Cuba, urging change through a “discrete partnership with the CIA”. The threat gained weight after the administration announced criminal charges against former Cuban leader Raúl Castro, while recent US talks with Cuban officials left Washington unimpressed and led to more sanctions. Trump had earlier said he did not think the military would be needed because “Cuba is failing very badly”. The article also notes Cuba's economic and energy crisis since 2020, with blackouts, food shortages, inflation and mass migration affecting its 10 million residents.
- Trump at Florida rally revives idea of military intervention in Cuba
On Friday, at a South Florida rally ahead of the midterms, Trump said U.S. warships returning from the Iran war could stop about 50 yards off Cuba’s coast, and that Secretary of State Marco Rubio would “finish up the deal.” He repeated an idea first floated earlier this year after a question from the crowd. Rubio later urged Cubans seeking change to pursue it through a “discrete partnership with the CIA,” while doubting a diplomatic resolution with the current government. U.S. talks with Cuban officials left Washington unimpressed, and it imposed more sanctions; Trump later said he didn’t think the military would be needed. Cuba has faced an economic and energy crisis since 2020, with 10 million residents dealing with blackouts, food shortages and inflation, and hundreds of thousands have emigrated.
- Trump revives threat of US intervention in Cuba at Florida rally
On Friday, President Donald Trump revived the prospect of U.S. intervention in Cuba, suggesting American warships returning from the Iran war could stop just off the island’s coast. At a South Florida rally, he said a ship could stop about 50 yards off Cuba’s coast and that Secretary of State Marco Rubio could “finish up the deal.” After the rally, Rubio urged Cubans seeking change to pursue it through a “discrete partnership with the CIA.” Trump also said he expects the two countries to reach a deal and that military action may not be necessary, while the U.S. has since imposed additional sanctions on the Cuban government. Cuba has been in an economic and energy crisis since 2020, with blackouts, food shortages and inflation, and hundreds of thousands of Cubans have migrated, many to the United States.
Related markets
Latest news
- From 15 November, foreign organisations that want to recruit Vietnamese workers must do one thing
Decree No. 371/2026/ND-CP, dated 25 September 2026 and effective 15 November 2026, sets out detailed rules on recruiting and managing Vietnamese workers employed by foreign organisations and individuals in Vietnam. A foreign employer must notify the management agency in writing, in person, by post or online, stating the positions and number of workers needed, and publicly post the vacancy on the national employment exchange, another lawful job portal or its official website. Within 10 working days after signing an employment contract, the employer must notify the agency, and the worker must submit a personnel file within the same period. When the contract ends, the employer must notify the agency within 10 working days, stating the reason, and the agency must confirm within 3 working days.
- VPBank card narrows the gap between Vietnamese audiences and international legends
VPBank has partnered on K-culture events in Vietnam, including VPBank K-Star Spark 2025, G-DRAGON World Tour, T1's fanmeeting and the BIGBANG 2026–2027 WORLD TOUR in Hanoi, where it is co-organiser and main sponsor. VPBank cardholders get priority early ticket access, a 20% ticket discount at K-Star Spark 2025, and for BIGBANG, purchase 3 days ahead of the general public plus up to 200,000 đồng off at the Official Merch Pop-up Store. Ms. Nguyen Thuy Duong, VPBank's Director of Communications and Marketing, said the card is positioned as a membership card in the VPShow ecosystem, with privileges ranging from soundcheck and meet & greet to art exhibitions, classical concerts, sports and international events. The article says that as international tours increasingly come to Vietnam, domestic fans have more chances to see their idols at home instead of paying for flights and accommodation abroad. BIGBANG WorldTour drew nearly 90,000 attendees over 2 nights.
- Many drugmakers extend patent monopolies, risking delays for cheaper medicines reaching patients
Deputy Nguyen Lan Hieu, director of Hanoi Medical University Hospital, told the National Assembly on 3 November that many drugmakers only change salt forms, formulations or dosages to win new patents and extend exclusivity beyond the usual protection period of about 20 years. This “evergreening” can delay cheaper generics reaching patients, so he proposed that changes without a significant improvement in treatment efficacy not be deemed inventive. He also proposed that Vietnamese firms be allowed to research, test and file for generic registration while the original patent remains in force, as otherwise they could wait 2–3 years before selling. On AI, he suggested that products created by AI without meaningful human creative input not receive copyright protection, and warned that Vietnamese medicinal plants could be taken abroad, patented and returned to the domestic market.
- Kimberly-Clark Acquires Kenvue. Here’s What Investors Need to Know Ahead of Its Nov. 5 Earnings Report.
Kimberly-Clark's acquisition of consumer healthcare company Kenvue, with an enterprise value of about $48.7 billion, closed on Monday, almost a year after it was first announced. Kenvue shareholders received $3.50 in cash plus almost 0.15 Kimberly-Clark shares for each Kenvue share, with existing Kimberly-Clark investors expected to own about 54% of the combined company. The cash portion was funded partly by $4.9 billion in senior notes and the sale of a 51% stake in its consumer paper and B2B hygiene business to Suzano, while the companies expect $2.1 billion in annual run-rate synergies within three years. Kimberly-Clark currently has a 54-year streak of dividend increases, while its share buybacks, which totaled $1 billion in 2024, fell to $0 in 2026. Kenvue's recent results are not included in the third-quarter report due on November 5, and the author believes the deal is a good move despite the high price.
- 2 Unstoppable Quantum Computing Stocks to Buy Hand Over Fist Before the Next Rally
IonQ and Rigetti Computing are presented as two companies making progress in quantum computing as the technology moves closer to commercial use. IonQ is building a platform spanning quantum computers, networking and cybersecurity, has completed its acquisition of SkyWater Technology, and reported second-quarter revenue up 287% year over year. Rigetti uses superconducting qubits and a chiplet design, has demonstrated its Cepheus-1-108Q system, and saw second-quarter revenue rise 185% from a small base. The article notes both remain speculative, with IonQ trading at about 42 times price-to-sales and Rigetti at about 278 times; IonQ still faces technical and execution challenges before profitability, while Rigetti has significant operating losses. The author sees IonQ as the more conservative option with a broader platform and lower valuation, and Rigetti as the higher-risk, higher-reward pick.
- Michael Burry's Substack Turns One: He Says A Year Is ‘Useless’ For Judging Skill — Here's How His Stock Picks Have Fared
Michael Burry says one year of returns is too short to judge investment skill as his Substack marks its first anniversary. Splitting $10,000 equally across Lululemon, Molina Healthcare, Shift4 Payments and Fannie Mae from the time the positions became public would have left about $7,796, a 22% loss, while the S&P 500 gained about 11%. Lululemon, Shift4 and Fannie Mae fell an average of 43%, and Molina's gains helped limit the losses. Among his April software buys, Veeva Systems nearly doubled, HCA Healthcare has risen nearly 25% since his June argument, and Sprouts Farmers Market has fallen nearly 39%. His bearish AI-boom bets are harder to measure, since options returns cannot be calculated from share-price movements alone.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.