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  • UPDATE 3-Oil rallies to $109 as risk appetite returns Thursday, 4 Oct 2012 | 4:58 AM ET

    *Spain expected to ask for euro zone financial bailout. *Unrest in Iran, Turkey- Syria raise geopolitical worries. LONDON, Oct 4- Brent crude oil rose towards $109 per barrel on Thursday as expectations Spain would seek a bailout and better U.S. data encouraged investors back into riskier assets such as oil and commodities.

  • *Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures edged up towards $109 per barrel on Thursday as a steep drop in the previous session brought in bargain hunters, while investors awaited further cues from a European Central Bank policy meeting and critical U.S. jobs data.

  • Iranian Flag

    As Iran’s Currency Plunges, Investors Warned on Debasement Social cohesion and trust in a country’s currency are intrinsically linked, according to Dylan Grice from the strategy team at Societe Generale who is warning that history is ‘replete’ with great disorders in which social cohesion has been undermined by the debasement of a currency.

  • Russian markets - Factors to Watch on Oct 4 Thursday, 4 Oct 2012 | 2:28 AM ET

    MOSCOW, Oct 4- Here are events and news stories that could move Russian markets on Thursday. MOSCOW- "Russia Calling" investment conference held by VTB Capital. MOSCOW- Briefing by Alexey Simanovsky, First Deputy Chairman of the Central Bank of Russia.

  • DUBAI, Oct 4- An Islamic trade association in Iran strongly condemned the protests that flared in Tehran's main bazaar as an enemy conspiracy and said traders had dealt with the "treacherous" acts, Iran's state news agency reported late on Wednesday.

  • *Jittery investors await U.S. job data, watch Europe. *Social unrest in Iran, Turkey- Syria clashes in focus. SINGAPORE, Oct 4- Brent futures steadied above $108 a barrel on Thursday after a sharp drop in the previous session, with investors waiting for a European Central Bank policy meeting and critical jobs data out of the United States this week for more trading cues.

  • RPT-Danish shipper asks Vitol if tanker used for Iran oil Wednesday, 3 Oct 2012 | 10:56 PM ET

    SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.

  • Falling Iranian Crude Supply Causing Protests Wednesday, 3 Oct 2012 | 7:50 PM ET
    Falling Iranian Crude Supply Causing Protests

    John Kingston, Global Director Of News, Platts thinks the world's ability to fill the void left by sanctions on Iranian crude are the root cause for protests in Iran.

  • Russia's Lavrov skipped big powers' Iran meeting at UN Wednesday, 3 Oct 2012 | 7:17 PM ET

    *Russia may be irritated with calls for new sanctions-envoys* Israel has threatened military action against Iran By Louis Charbonneau.

  • *China, Europe services PMI disappoint. NEW YORK, Oct 3- Oil prices fell sharply on Wednesday as disappointing economic data from China and Europe reinforced concerns about slowing growth and a weakening demand for petroleum, even as supportive U.S. data strengthened the dollar.

  • Iranians Protest Over Plunging Rial Wednesday, 3 Oct 2012 | 4:41 PM ET
    Iranian riot police stand next to a garbage container which is set on fire by protesters in central Tehran, near the main bazaar, on October 3, 2012, in the first sign of public unrest over Iran's plunging currency. The rial, lost more than half of its value since last week as the plunge has greatly increased inflation in Iran, which is widely seen as far higher than the official 23.5 percent given by the central bank.

    The protests over the plunging Iranian rial are taking currency wars to a whole new level.

  • Iran's Currency Plunge Sparks Clashes in Tehran Wednesday, 3 Oct 2012 | 4:15 PM ET
    Iran's Currency Plunge Sparks Clashes in Tehran

    CNBC's Michelle Caruso-Cabrera reports Iranian currency has fallen 40 percent in the last week.

  • Iran tightens grip to stem currency fall Wednesday, 3 Oct 2012 | 4:07 PM ET

    TEHRAN, Iran-- Iranian authorities used aggressive measures Wednesday in an attempt to halt the nosedive of the country's currency, making arrests, vowing to stamp out sidewalk money changers and warning merchants against fueling the mounting public anger over the economy.

  • By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • Clinton to Iran: Economic woes are your fault Wednesday, 3 Oct 2012 | 2:33 PM ET

    Clinton says Tehran is responsible for the country's economic problems and Iran's currency hitting a record low against the U.S. dollar. Speaking Wednesday beside Kazakhstan's foreign minister, Clinton acknowledged that international sanctions have contributed to Iran's economic woes.

  • Riots in Iran Over Currency Crash Wednesday, 3 Oct 2012 | 2:07 PM ET
    Riots in Iran Over Currency Crash

    CNBC's Michelle Caruso-Cabrera breaks down the dramatic changes in Iran's currency due to sanctions.

  • News Summary: Iran tries to stem currency fall Wednesday, 3 Oct 2012 | 1:53 PM ET

    CURRENCY CRACKDOWN: Police threatened merchants who closed their shops in Tehran's main bazaar and launched crackdowns on sidewalk money changers on Wednesday as part of a push to halt the plunge of Iran's currency.

  • By Yeganeh Torbati and Marcus George. DUBAI, Oct 3- Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • UPDATE 7-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 11:26 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Oil fell sharply on Wednesday as weak economic data from Europe and China dimmed the outlook for demand, adding to concerns arising from Europe's festering debt crisis. Brent November crude futures had fallen $3.27 to $108.30 a barrel by 1454 GMT.

  • KHASAB, Oman, Oct 3- The fibre-glass skiffs hurtle across the water at break-neck speed, skirting the rocky cliffs on the last leg of the perilous journey from Iran to the sleepy backwaters of Oman's Musandam peninsula.