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Asia Top News and Analysis Iran

  • LONDON, Oct 9- Oil rose to around $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of supply disruptions outweighing concerns about sluggish global demand.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • *Iran says UAE claims are "baseless". The three islands of Abu Musa and Greater and Lesser Tunb sit near important oil shipping channels at the mouth of the strategic Strait of Hormuz and were claimed by the U.S.-backed Shah of Iran in 1971, just before the seven Gulf emirates won independence from Britain and formed the UAE.

  • "Our countries have exerted major efforts to restore global oil market stability, a feat that has actually been achieved," Saudi Oil Minister Ali al-Naimi told a meeting of Gulf Arab energy ministers in Riyadh.

  • McCain Explains Romney's Middle East Rescue Plan

    Sen. John McCain, (R-AZ), discusses why he believes the Middle East has become a more dangerous place in the past four years and why the U.S. needs a major foreign policy change.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • DUBAI, Oct 9- Iran will manage to bring its high inflation lower and return to growth next year despite Western sanctions over its nuclear programme, according to projections from the International Monetary Fund.

  • Turkish President Abdullah Gul said on Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18- month-old conflict in Syria may spread to other countries in the region.

  • RIYADH, Oct 9- Saudi Arabia is satisfied that oil prices have fallen to a level that does not hamper global growth, Saudi Oil Minister Ali al-Naimi said on Wednesday, signalling success in a Gulf Arab effort to keep oil prices under control despite a halving of Iranian exports because of Western sanctions.

  • LONDON, Oct 9- Iraq's oil production is on course to more than double by 2020, the International Energy Agency said, although delays to investment could tighten the global market in coming decades and push prices higher.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • NAIROBI, Oct 9- The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Tuesday. BOTSWANA- Bank of Botswana is due to auction 14- day Treasury bills. *South Africa's local government workers' union said on Monday it would.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • WASHINGTON, Oct 9- A reduction in natural gas exports from Iran would not have a significant impact on world energy markets, but could affect Turkey and part of Azerbaijan, according to a U.S. report due to be released on Tuesday.

  • Turkish President Abdullah Gul said on Monday that the worst case scenarios between his country and Syria are now playing out, fuelling concerns that the 18- month old conflict in Syria may spread to other countries in the region.

  • Oct 9- The Middle East and North Africa's oil exporting countries will see economic growth accelerate in 2012 to 6.6 percent, mainly due to a strong rebound of activity in Libya, the International Monetary Fund said on Tuesday.

  • *World Bank says China economic slowdown may worsen. *Turkey retaliates again after mortar fire from Syria. NEW YORK, Oct 8- Oil prices eased on Monday in choppy trading on concerns that slower economic growth in China and the debt crisis in Europe will curb demand for petroleum, while the potential for Middle East turmoil to disrupt supplies limited losses.

  • WASHINGTON-- Mitt Romney solely blamed President Barack Obama on Monday for potential defense cuts that Republicans in Congress worked out with the White House and Democrats and left the misimpression that Obama has ignored free trade initiatives.

  • *Kirk also seeks to blacklist entire energy sector of Iran By Roberta Rampton. WASHINGTON, Oct 8- Republican Senator Mark Kirk, who last year co-authored a package of U.S. sanctions on Iran's banking and oil sectors, is working on new legislation that would further tighten the economic noose on Tehran, an aide to the lawmaker said Monday.

  • WASHINGTON, Oct 8- U.S. telecommunications operators should not do business with China's top network equipment makers because potential Chinese state influence on the companies poses a security threat, the U.S. House of Representatives Intelligence Committee said in a report on Monday.