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  • 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.

  • UPDATE 6-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 9:21 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices 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 $2.11 to $109.46 a barrel by 1257 GMT.

  • DUBAI, Oct 3- Riot police clashed with demonstrators and foreign exchange dealers in Tehran on Wednesday over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

  • TIMELINE-Clashes and protests in Iran Wednesday, 3 Oct 2012 | 8:11 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • TIMELINE-Clashes in Iran Wednesday, 3 Oct 2012 | 8:08 AM ET

    Oct 3- Here is a look at protests in Iran as clashes break out in Tehran over the collapse of the rial currency:. Several people are killed in Tehran and other cities when thousands take to streets.

  • Iran tightens measures to stem currency fall Wednesday, 3 Oct 2012 | 8:04 AM ET

    TEHRAN, Iran-- 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, which has shed more than a third its value in less than a week.

  • UPDATE 5-Oil falls as economic data dims demand outlook Wednesday, 3 Oct 2012 | 7:30 AM ET

    *China, Europe services PMI disappoint. LONDON, Oct 3- Crude oil prices fell 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 96 cents to $110.61 a barrel by 1054 GMT.

  • Danish shipper asks Vitol if tanker used for Iran oil Wednesday, 3 Oct 2012 | 7:29 AM 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.