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The war in the Middle East aggravated Iran’s inflation soared 88.6% in June and food prices doubled | International | Central News Agency CNA
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Please agree to our privacy policy to enable news listening. (Central News Agency, Tehran, comprehensive foreign news report on the 27th) Official data released today showed that Iran, which was already suffering from hyperinflation due to international sanctions, was hit by the war in the Middle East. The inflation rate in June this year has soared to 88.6%, reaching a high point. Agence France-Presse reported that data from the Statistical Center of Iran showed that during the Persian month of Khordad (May 22 to June 21), food prices in Iran more than doubled year-on-year. Among them, the prices of bread and cereals increased by 138.8% year-on-year, the prices of dairy products and eggs increased by 151.9%, and the prices of red meat and poultry soared by 178.2%. By comparison, before the United States and Israel launched war against Iran in February this year, Iran’s annual inflation rate was 68%. In December 2025, when demonstrations were launched across Iran due to high prices, which later evolved into political demands, the inflation rate had increased to 52.6% year-on-year. Iran’s official statistics are released on a monthly basis according to the Persian calendar, which begins in March each year. Affected by international sanctions, Iran’s economy has suffered from long-term hyperinflation and a sharp depreciation of its currency, the rial, for many years. This situation has intensified in recent months, eroding people’s purchasing power and triggering nationwide protests in December. The economic crisis has been further worsened by war in the Middle East. (Compiled by: Cai Jiamin) 1150628 Support the Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of sponsorship to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.



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Reuters: China National Petroleum Corporation oil tanker left the Strait of Hermuz and returned to Taiwan carrying 2 million barrels of crude oil | International | Central News Agency CNA
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2026/6/23 17:37 (updated at 6/23 17:44) Please agree to our privacy policy to enable the news listening function. Reuters reported that the Dubai Energy, a very large crude oil tanker chartered by Taiwan’s China Petroleum Corporation, left the Strait of Hormuz on the night of the 23rd, carrying 2 million barrels of crude oil from Abu Dhabi and Saudi Arabia. (Central News Agency Drawing) (Central News Agency Singapore Comprehensive Foreign News Report on the 23rd) Reuters reported that ship tracking data showed that two previously trapped supertankers passed through the Strait of Hormuz today. One of them is reported to be a very large crude oil tanker (VLCC) chartered by Taiwan’s China Petroleum Corporation. The report quoted information from the London Stock Exchange Group (LSEG) and shipping tracking agency Kpler as saying that the Dubai Energy, a very large crude oil tanker chartered by Taiwan’s China Petroleum Corporation, carrying 2 million barrels of crude oil from Abu Dhabi and Saudi Arabia, left the Strait of Hermuz at night and is currently heading for Kaohsiung. CNPC did not respond to Reuters’ request for comment. Another very large crude oil tanker that left the strait today was chartered by a South Korean refiner and carried 2 million barrels of Saudi crude oil. In addition, seven empty liquefied natural gas (LNG) carriers linked to Qatar have entered the Persian Gulf in recent weeks, an early sign that gas shipments in the Persian Gulf may begin to resume. Data also shows that oil tankers related to Iran continue to pass through this important waterway, and as the United States and Iran advance negotiations, ship traffic increased yesterday. (Compiled by: Yang Zhaoyan) 1150623 Support Central News Agency’s choice to stand with the facts. Every donation you make is a small amount of support to protect press freedom. Download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.



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IATA forecast: The aviation industry will increase passenger volume and halve profits in 2026 | International | Central News Agency CNA
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Please agree to our privacy policy to enable news listening. (Central News Agency, Rio de Janeiro, comprehensive foreign news report on the 7th) According to industry forecasts released today, airlines are expected to carry more passengers this year, but profits will be only half of last year. High fuel prices do not appear to have completely curbed travel demand. Agence France-Presse reports that the International Air Transport Association (IATA) estimates that its 370 member airlines will carry 5.1 billion passengers this year, an annual increase of 2.4%. IATA member airlines account for 85% of global air traffic, carrying an estimated 4.98 billion passengers last year. In 2023, the number of passengers carried will exceed the 4 billion mark. Reporters asked IATA Director General Willie Walsh to compare the impact on the aviation industry between 2020 and 2021 of the COVID-19 (coronavirus disease) epidemic and the war in the Middle East. He said: “I don’t think this is a crisis.” He said: “You are looking at an industry that is predicted to grow. Excluding the impact of the Middle East, our basic growth rate will be 3.5%.” However, the profits associated with this growth are only half of last year, and airlines in the Middle East are expected to suffer losses. “Disruptions related to the war in the Middle East and rising fuel costs have worsened the outlook for the aviation industry,” Walsh said in a statement. “Profits will shrink from $45 billion in 2025 to $23 billion this year, and profit margins will fall from 4.2% to 2.0%,” he said, referring to net profit margins. According to IATA calculations, the estimated net profit per passenger is US$4.50, which is only half of last year. “In this case, the numbers reflect industry resilience,” Walsh said in a statement. “But at most World Cup venues where you can’t even buy a hot dog, that leaves little buffer if other costs or taxes start to rise.” (Compiler: He Hongru) 1150608 Support the Central News Agency’s choice to stand with the facts. Every donation you make is the power to protect press freedom. For small donations, download the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures, and audio and video on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.



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