MasterCard said it would remove a block on transactions made in Cuba using its cards issued in the United States, effective March 1.» Read More
*Venezuelan president visits Saudi Arabia, Qatar. *Iran backs coordinated front with Venezuela on oil price. DUBAI/ DOHA, Jan 12- A diplomatic push by Venezuela and Iran for an OPEC oil output cut has failed to soften the refusal of the group's Gulf members to do so for now, delegates said on Monday.
President Nicholas Maduro is on a tour of fellow OPEC countries to lobby for higher oil prices, which hit new lows last week below $50 per barrel, nearly half of what they were back in June 2014. The plunge in crude prices has pummelled the public finances of Iran and Venezuela, whose economies rely heavily on oil exports. Earlier on Saturday, Iranian President...
Draining the swamp that gives rise to extremism and terrorism is a generational endeavor. The West's policies warrant review, says David Phillips.
Iran's president may sincerely want to liberalize his country's economy, but that's unlikely to happen—for now, anyway.
Iranian oil minister has announced that they will double oil exports once sanctions are lifted, at the same time as the US Senate is debating the Keystone XL Pipeline. CNBC's Hadley Gamble discusses further, saying that Iran needs economic growth to stay in power.
Saeed Laylaz, economist and former advisor to ex-Iranian President Mohammad Khatami, says Iran's government actually benefits from U.S-led sanctions because they provide a convenient excuse for the country's economic difficulties.
Iran's government actually benefits from sanctions as they provide an excuse for the country's economic difficulties, an ex-presidential adviser said.
Saeed Laylaz, economist and former advisor to ex-Iranian President Mohammad Khatami, dismisses the idea that Saudi Arabia is purposely damaging the oil market to hurt the Iranian economy as it would do more damage to itself.
Cliff Kupchan, Chairman at Eurasia Group, outlines factors that mitigate the potential threat that foreign ISIS extremists hold upon their return to their home countries.
Wall Street is getting more bearish on the outlook for oil prices and some strategists see the market many months away from finding a floor.
Iranian President Hassan Rouhani has tabled the possibility of a referendum on the country's controversial nuclear negotiations.
Iran's president called for an end to state involvement in the economy and an end to the country's isolation.
The U.S. government tightened sanctions on North Korea in retaliation for the devastating cyberattacks against Sony.
Falling oil prices will hurt countries across the Middle East unless Saudi Arabia takes steps to reverse the slump, Iran's deputy foreign minister said.
SEOUL, Jan 2- U.S. crude futures rose over $54 a barrel on the first trading day of 2015 in Asia, supported by last week's larger-than-expected fall in U.S. crude stocks but inventories at the oil hub at Cushing, Oklahoma, grew, keeping prices depressed. *U.S. crude gained 80 cents a barrel at $54.07 as of 2346 GMT after it fell 85 cents to settle at $53.27 a barrel on the last...
DUBAI, Jan 1- Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters. Oil prices closed on Wednesday at a 5-1/ 2 year low, registering their second-biggest ever annual decline after OPEC oil exporters, led by Saudi...
U.S. officials heralded the oil revenue-sharing agreement in Iraq but they should not rush to judgment. Here's why.
WASHINGTON, Dec 29- When the United States withdrew its last troops from Iraq at the end of 2011, both Washington and Baghdad said Iraq was ready to defend itself. Washington has sent 1,900 troops to Iraq, while U.S. forces and their allies have conducted more than 1,300 air strikes against Islamic State, in both Iraq and Syria. Jonathan Stevenson, who from 2011 to...
*Asia's Jan-Nov imports from Iran at 1.11 mln bpd, up 19.5 pct. But overseas purchases by Asia, which is home to the top four buyers of Iranian oil, could be hit by the uncertainty over when Tehran and world powers would be able to settle a 12- year dispute over Iran's nuclear ambitions, industry sources said. Iran and the United States, France, Germany, Britain, China and...
From retail to restaurants, "Mad Money" host Jim Cramer is naming his top buys in the wake of the Dow hitting 18K.