Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Crypto becomes vital for Iranian trade amid sanctions and US tensions raising oil prices.

Market News
04 May 2026
BeInCrypto
View Source
Neutral
pluang ai news

Amid US-Iran tensions and sanctions limiting traditional payment methods, Iranian businesses increasingly rely on cryptocurrency for domestic and international trade. Bitcoin and other digital assets help move money across borders despite restrictions on Visa, Mastercard, and SWIFT access. While crypto facilitates payments, it cannot fully replace legal and trust frameworks needed for formal trade, especially with countries like Russia. The surge in crypto use is also linked to Iran's cheap electricity fueling Bitcoin mining, though this has caused power shortages. Recent military tensions near the Strait of Hormuz have pushed oil prices higher, underscoring the complex economic challenges Iran faces.

More News

Valeo reports 272.8M exercisable voting rights as of June 30, 2026, reflecting its shareholder structure.

Valeo reports 272.8M exercisable voting rights as of June 30, 2026, reflecting its shareholder structure.

Valeo SE disclosed the total number of voting rights and shares forming its share capital as of June 30, 2026. The company reported 245.6 million shares with a par value of €1 each, totaling 276.9 million theoretical voting rights and 272.8 million e...

Company Fundamentals
Neutral
21 minutes ago
Valeo reports total voting rights and shares as of June 2026, confirming capital and shareholder structure.

Valeo reports total voting rights and shares as of June 2026, confirming capital and shareholder structure.

Valeo has disclosed the total number of voting rights and shares composing its share capital as of June 30, 2026. The company reported a capital of €245,607,624 with 245,607,624 shares, theoretical voting rights totaling 276,898,916, and exercisable ...

Company Fundamentals
Neutral
21 minutes ago
Online course opens for navigating pharmaceutical regulations across Asia, Oct 20-22, 2026.

Online course opens for navigating pharmaceutical regulations across Asia, Oct 20-22, 2026.

A three-day online training on Pharmaceutical Regulatory Affairs in Asia is scheduled for October 20-22, 2026, aiming to help professionals understand diverse regulatory requirements across major Asian markets including China, India, Korea, and ASEAN...

Others
Neutral
2 hours ago
Global workwear market to reach $344.71B by 2031, driven by corporate hiring and Asia-Pacific growth.

Global workwear market to reach $344.71B by 2031, driven by corporate hiring and Asia-Pacific growth.

The global workwear market, valued at $265.12 billion in 2025, is expected to grow to $344.71 billion by 2031 with a 4.5% CAGR. Growth is fueled by rising corporate employment worldwide, especially in Asia-Pacific, and increased focus on professional...

Market News
Bullish
2 hours ago
Microalgae-based aquafeed market to grow 8.5% CAGR, driven by cost cuts and demand for antibiotic-free seafood.

Microalgae-based aquafeed market to grow 8.5% CAGR, driven by cost cuts and demand for antibiotic-free seafood.

The global microalgae-based aquafeed market is projected to grow from $320 million in 2026 to $481 million by 2031, at an 8.5% CAGR. Key growth drivers include rapid cost reductions in closed photobioreactor farming, making algae competitive with fis...

Market News
Bullish
2 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App