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  • There are several reasons this may be the case, but chief among them is probably concern over market share in Asia. This pivot from North America can be seen in the OSPs this year for the various regions, with prices rising for cargoes to the United States and dropping for Asia.

  • *Asia's Jan-Aug imports from Iran hit 1.15 mln bpd, up 23.6 pct. Six world powers have been trying to overcome significant disagreements with Iran in the more-than-decade-long nuclear standoff that led to tough sanctions being imposed on Tehran in 2012, cutting its crude exports by more than half.

  • ISIS fight widens as UK approves airstrikes Friday, 26 Sep 2014 | 12:39 PM ET
    British Prime Minister David Cameron

    Britain's parliament backs PM Cameron and votes to approve airstrikes against Islamic State militants in Iraq.

  • New strikes in Syria aim at Islamic State's oil money Thursday, 25 Sep 2014 | 2:24 AM ET

    A third night of U.S.-led airstrikes pounded Islamic State-controlled oil refineries in eastern Syria, U.S. officials said on Wednesday.

  • *Insurgents' next steps will dictate Yemen, Hadi's fate. SANAA, Sept 24- President Abd-Rabbu Mansour Hadi has warned Yemenis their country is heading toward civil war after the takeover of the capital by Shi'ite Muslim rebels, a move that has allowed the insurgents to dictate terms to a weakened, fractured government.

  • UPDATE 1-EU plans for Iran gas imports if sanctions go Wednesday, 24 Sep 2014 | 12:58 PM ET

    *Iran has world's second biggest gas reserves. LONDON, Sept 24- The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier.

  • Yemen president warns of civil war as factions collide Wednesday, 24 Sep 2014 | 10:40 AM ET

    SANAA, Sept 24- President Abd-Rabbu Mansour Hadi has warned Yemenis their country is heading towards civil war after the takeover of the capital by Shi'ite Muslim rebels, a move that has allowed the insurgents to dictate terms to a weakened, fractured government.

  • EU plans for Iran gas imports if sanctions go Wednesday, 24 Sep 2014 | 8:18 AM ET

    *Iran has world's second biggest gas reserves. LONDON, Sept 24- The European Union is quietly increasing the urgency of a plan to import natural gas from Iran, as relations with Tehran thaw while those with top gas supplier Russia grow chillier.

  • Airstrikes in Syria hit Islamic State at Iraqi border Wednesday, 24 Sep 2014 | 6:17 AM ET
    President Barack Obama speaks about airstrikes against militants in Syria, Sept. 23, 2014, on the South Lawn of the White House in Washington.

    U.S.-led forces carried out at least 13 airstrikes in Syria close to the Iraqi border, in a second day of targeting Islamic State militants.

  • Iran's economy moving from bad to less bad Tuesday, 23 Sep 2014 | 1:19 PM ET
    This handout image supplied by the IIPA (Iran International Photo Agency) shows a view of the reactor building at the Russian-built Bushehr nuclear power plant.

    Iran's economy is showing tentative signs of strengthening. But it still has a long way to go.

  • The key to unlocking Iran's economic potential Monday, 22 Sep 2014 | 12:49 PM ET
    Espinas International Hotel in Tehran, Iran

    After more than three decades of sanctions by the U.S., the EU and the UN, Iran could soon be open for business, says Dan Steinbock.

  • Massacre warnings signal it's time to attack ISIL Thursday, 18 Sep 2014 | 3:08 PM ET
    File photo of ISIS fighters on parade

    Warnings of a massacre in northern Syria indicate that it's time for the US to attack ISIL, says former State Dept. adviser David Phillips.

  • VIENNA, Sept 18- The European Union said on Thursday it was disappointed with a lack of progress by Iran in addressing concerns about its suspected atomic bomb research, pressuring Tehran to cooperate with a long-stalled U.N. watchdog inquiry.

  • Militant Islamist fighters on a tank take part in a military parade along the streets of northern Raqqa province June 30, 2014.

    Saudi Arabia's ex-head of intelligence has criticized U.S. anti-terrorism tactics, saying Obama was wrong to rule out troops in Syria and Iraq.

  • *India Oil Corp buys Iran oil after 2- mth gap. World powers and Iran are working to resolve a decade-old dispute over the OPEC nation's nuclear programme, with an interim deal that eases some sanctions on the country extended by four months to late November.

  • How to make Obama's strategy to fight ISIL work Wednesday, 17 Sep 2014 | 2:37 PM ET
    Militant Islamist fighters on a tank take part in a military parade along the streets of northern Raqqa province June 30, 2014.

    Here's what could help make Obama's strategy for defeating the Islamic State work, says former State Dept. adviser David Phillips.

  • US general says cannot rule out ground role in Iraq Wednesday, 17 Sep 2014 | 3:46 AM ET
    Members loyal to the Islamic State in Iraq and the Levant (ISIL) wave ISIL flags as they drive around Raqqa June 29, 2014.

    The most senior U.S. military officer has raised the possibility that American troops might need to take on a larger role in Iraq's ground war against Islamic State militants.

  • *Paris conference supports military action in Iraq, no mention of Syria. PARIS/ DUBAI, Sept 15- Iran's supreme leader said on Monday he had personally rejected an offer from the United States for talks to fight Islamic State, an apparent blow to Washington's efforts to build a military coalition to fight militants in both Iraq and Syria.

  • PARIS, Sept 15- World powers backed military measures on Monday to help defeat Islamic State fighters in Iraq, boosting Washington's efforts to set up a coalition, but made no mention of the tougher diplomatic challenge next door in Syria.

  • *France sends fighter jets for reconnaissance mission over Iraq. PARIS, Sept 15- French President Francois Hollande called on Monday for united international action to tackle the threat from Islamic State militants as he opened a conference on Iraq bringing together members of a U.S.-led coalition.