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  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • BRUSSELS, July 20- The European Union approved the Iran nuclear deal with world powers on Monday, a first step towards lifting Europe's economic sanctions against Tehran that the bloc hopes will send a signal that the U.S. Congress will follow. "It is a balanced deal that means Iran won't get an atomic bomb," said French Foreign Minister Laurent Fabius.

  • UPDATE 4-Oil steadies as Saudi crude exports fall Monday, 20 Jul 2015 | 4:41 AM ET

    LONDON, July 20- Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced signs of rising refined products stocks. Brent crude for September was 5 cents up at $57.15 a barrel by 0825 GMT. Oil prices have fallen for three weeks in a row on expectations of increased exports from Iran following a deal to ease sanctions...

  • TEHRAN, July 19- German Vice Chancellor Sigmar Gabriel urged Iran at the start of a three-day visit to improve its relationship with Israel if it wanted to establish closer economic ties with Germany and other western powers. That puts Germany in a delicate position as it seeks to win new business in Iran after a 12- year standoff over Iran's nuclear programme...

  • By travelling to Tehran with a delegation of industry group representatives and company officials, Gabriel sends a strong signal that Germany wants to quickly rebuild economic and political ties with Iran after a 12- year standoff over Tehran's nuclear programme. Under an agreement struck on Tuesday, sanctions imposed by the United States, European Union...

  • Iran's leader: Like the deal, still hate the US Saturday, 18 Jul 2015 | 2:01 PM ET
    Iran's supreme leader, Ayatollah Ali Khamenei

    In his first speech since a nuclear agreement was reached, Iran's supreme leader backed the deal without criticizing any of its terms.

  • DUBAI/ BEIRUT, July 17- A senior cleric challenged Iran's historic nuclear deal with world powers on Friday, echoing a cautious early assessment of the accord by Supreme Leader Ayatollah Ali Khamenei, an arch-conservative who has the last word on matters of state. Ayatollah Mohammad Ali Movahedi Kermani did not dismiss the accord in his remarks at Friday...

  • DUBAI, July 17- Iran, embarking on a diplomatic offensive in the wake of its nuclear deal with world powers, told fellow Muslim countries on Friday it hoped the historic accord could pave the way for more cooperation in the Middle East and internationally. She said Iran was seriously determined to further expand ties with regional states and its neighbours, some...

  • BERLIN, July 16- German Finance Minister Wolfgang Schaeuble questioned whether Greece will ever get a third bailout programme on Thursday, a day after the Greek parliament passed a package of stringent measures required to open negotiations on financial aid. Greece is seeking up to 86 billion euros in a third rescue package in return for tougher austerity...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and nervous allies, insisted on Wednesday the landmark agreement was the only alternative to a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad after...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and the American public, insisted on Wednesday that the landmark agreement was the best way to avoid a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference responding to critics at home and abroad...

  • WASHINGTON, July 15- President Barack Obama, seeking to sell the Iran nuclear deal to skeptical U.S. lawmakers and the American public, insisted on Wednesday that the landmark agreement was the best way to avoid a nuclear arms race and more war in the Middle East. Obama made his case in a nationally televised news conference a day after Iran and six world powers...

  • *Iran deal like "pouring fuel on burning Middle East". JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and...

  • Iran deal "naked as emperor with no clothes", says Israel Wednesday, 15 Jul 2015 | 7:21 AM ET

    JERUSALEM, July 15- Israel's nuclear affairs minister said his country was like the boy in the fairy tale who pointed out the emperor had no clothes, heaping scorn on the Iran nuclear deal on Wednesday and emphasising Israel's right to unilateral self-defence. Tuesday's agreement between six world powers and Iran has left Israeli officials scrambling for...

  • LONDON, July 15- Iran has big ambitions to increase oil and gas production once sanctions are lifted but a substantial increase in exports is probably years away. In contrast, Saudi Arabia, Iran's main rival, has raised liquids output from 8.6 million bpd in 1974 to 11.5 million bpd in 2014.. Sanctions imposed by the United States and the European Union amid...

  • UNITED NATIONS, July 15- The United Nations Security Council is likely to vote next week on a resolution to endorse the Iran nuclear deal and terminate targeted sanctions, but retain an arms embargo and ballistic missile technology ban, diplomats said. Under a deal between Iran and major world powers in Vienna on Tuesday, Iran agreed to long-term curbs on a...

  • Under a historic deal between Iran and major world powers in Vienna on Tuesday, Iran agreed to long-term curbs on a nuclear programme that the West suspected was aimed at creating an atomic bomb. In return, the United States, European Union and United Nations would lift sanctions on Iran. The five permanent veto-wielding members of the U.N. Security Council- the...

  • WASHINGTON, July 14- Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159- page deal would mean for their business prospects. U.S. companies face losing out to foreign competitors in Iran as they wait for signs that Tuesday's historic...

  • ATHENS/ BRUSSELS, July 14- A secret International Monetary Fund study showed Greece needs far more debt relief than European governments have been willing to contemplate so far as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders. The IMF's stark warning on Greece's debt was leaked as Prime Minister Alexis...

  • Russia seeks gains to ease possible pain from Iran deal Tuesday, 14 Jul 2015 | 12:24 PM ET

    *Russia wants arms, nuclear energy deals with Iran. MOSCOW, July 14- President Vladimir Putin urged the world to celebrate Tuesday's six-power nuclear deal with Iran, but the agreement carries risks for Russia because it could drive down oil prices. Unsurprisingly, the Kremlin chose to stress the positives from the deal, clinched after marathon talks in Vienna...