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  • MOSCOW, June 2- Russian state arms producer Almaz-Antey said on Tuesday it would supply Iran with the advanced S-300 missile system once a commercial agreement is reached. When there is a contract, we will supply the system, including to Iran, "he told a news conference when asked whether Almaz-Antey would supply the missile system to Iran. Russia hopes to reap...

  • *May imports from Iran rise nearly 40 pct on-mth to 367,900 bpd. The jump to a 14- month high comes just two months after India dropped its crude imports from Iran to zero under U.S. pressure to limit its purchases of the Islamic republic's oil. Many analysts say Tehran, the United States, Britain, France, Germany, Russia and China will reach an agreement by or shortly...

  • DUBAI, June 2- Iran will try to persuade OPEC countries to reverse production increases they implemented to fill a gap left by sanctions on Iran, the country's OPEC delegate Mehdi Asali was quoted as saying, ahead of a potential nuclear deal that could see sanctions lifted. "Production decreases for those countries which raised their production during Iran's...

  • Kerry cancels Europe tour after bike crash Sunday, 31 May 2015 | 8:40 AM ET
    Secretary of State John Kerry (L) speaks with Russian President Vladimir Putin before a bilateral meeting at the presidential residence of Bocharov Ruchey in Sochi, Russia May 12, 2015.

    Secretary of State John Kerry has cancelled the remainder of his European diplomatic tour after breaking his leg in a bicycle crash near Geneva.

  • *India returned to Iran for imports after hiatus. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.17 million bpd last month, down 4.1 percent on year and the highest since hitting 1.21 million bpd in December, government and tanker-tracking data showed. Iran, the United States, Britain, France, Germany, Russia and China reached a...

  • WASHINGTON, May 28- The U.S. Congress could lift the 40- year-old ban on domestic crude oil exports within a year as a drop in gasoline prices and the potential return of Iranian oil to global markets makes it an easier measure for politicians to support, Bank of America Merrill Lynch analysts said on Thursday. The analysts found "a surprising amount of support to...

  • NEW YORK, May 27- Oil prices fell by up to 3 percent for a second straight day on Wednesday as a resurgent dollar weighed on the market ahead of U.S. inventory data. Other factors held little sway, including France's warning to Iran that it was ready to block a final deal on Tehran's nuclear program unless Iran provided full access to inspectors.

  • Jason Rezaian, the Post's 39- year-old bureau chief in Tehran, is being tried in a Revolutionary Court on allegations of "espionage for the hostile government of the United States" and propaganda against the Islamic Republic, Iran's official IRNA news agency reported. Rezaian's brother, Ali Rezaian, later told The Associated Press in Washington that the...

  • CALGARY, Alberta, May 25- Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia...

  • LONDON, May 25- Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia and...

  • TEHRAN, Iran— Iran will raise gasoline prices by some 40 percent beginning Tuesday, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some $32 billion a year. Iran, an OPEC member, consumes 70 million liters of gasoline daily, with some 10 percent refined and imported from abroad.

  • Has poor governance in the Middle East aided ISIS? Friday, 22 May 2015 | 2:58 PM ET
    An Iraqi fighter from the Shiite Muslim Al-Abbas popular mobilization unit monitors from his position near the village of Nukhayb west of Baghdad, on May 19, 2015.

    A senior political figure from the Middle East said that a lack of governance and "violent" policies were partly responsible for the rise of ISIS.

  • WASHINGTON, May 21- The United States on Thursday imposed sanctions on two firms based in Iraq and in the United Arab Emirates for helping Iran purchase second-hand civilian aircraft. Treasury said the sanctions applied to Iraq- based Al-Naser Airlines as well as UAE- based Sky Blue Bird Aviation for providing support to Iranian airline Mahan Air.

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices edged up on Monday following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen could disrupt supplies after...

  • *Prices up despite Iran saying OPEC output cuts unlikely. SINGAPORE, May 18- Oil prices rose on Monday on supply concerns in the Middle East following fighting in Iraq and Yemen, but Iranian comments that OPEC was unlikely to cut output as well as signs of strengthening U.S. production capped gains. Prices were supported by concerns that conflict in Iraq and Yemen...

  • *Iran still looking for OPEC "cooperation" on oil prices. Iran, along with Venezuela, has repeatedly called for OPEC to cut output to shore up low prices that have eaten into producers' oil revenues. Javadi's comments signal an admission that the group was unlikely to agree to a reduction, especially after its current strategy has succeeded in curbing non- OPEC...

  • *OPEC unlikely to cut output at June meeting. A recent framework deal on Iran's disputed nuclear programme between Tehran and world powers could see sanctions on Iran eventually lifted if a more permanent pact is finalised by a June deadline. Javadi said the OPEC producer expected to claw back lost market share in Asia.

  • KUALA LUMPUR, May 18- Iran hopes its crude oil exports will return to pre-sanctions levels within three months once a deal with major powers to lift an oil embargo is finalised, Iran's deputy oil minister said on Monday. "Yes, 2.5, around," he said on the sidelines of the Asia Oil and Gas Conference in Kuala Lumpur. A recent framework deal on Iran's disputed nuclear...

  • Balance of power in Middle East: Isaacson   Friday, 15 May 2015 | 7:51 AM ET
    Balance of power in Middle East: Isaacson

    Walter Isaacson, Aspen Institute CEO, provides perspective on President Obama's meeting with Persian Gulf leaders over concerns about talks the United States is having with Iran.

  • Obama meets with Persian Gulf leaders   Friday, 15 May 2015 | 6:22 AM ET
    Obama meets with Persian Gulf leaders

    Edward Lawrence, NBC News reports the Gulf countries are upset about a possible deal the United States is brokering with Iran.