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OPEC agrees modest oil output curbs in first deal since 2008


ALGIERS OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. | Video


Iraq's OPEC revolt shows Saudi-Iran oil deal fragility 1:33pm BST

ALGIERS For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran.


Yemen's Houthis must disband militias under any peace deal - Saudi-led coalition 28 Sep 2016

BERLIN A Saudi-led coalition will not accept a Yemeni peace deal unless it requires the Houthi movement to disband its armed wing, a spokesman said on Wednesday, in effect rebuffing an offer by the Iran-allied group for a truce made three days earlier.


Iran atomic chief sees no threat to nuclear deal if Trump becomes U.S. president 28 Sep 2016

VIENNA A landmark nuclear accord sealed last year between Iran and six world powers will not be in danger if Donald Trumps wins the U.S. presidential election in November, the head of Iran's Atomic Energy Organisation said on Wednesday.


OPEC set for no deal as Iran rejects Saudi oil output offer 27 Sep 2016

ALGIERS Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.


Iran's Ahmadinejad says will not make presidential comeback bid 27 Sep 2016

DUBAI Mahmoud Ahmadinejad will not run for president in next year's Iranian election, he said on Tuesday, bowing to the wishes of supreme leader Ayatollah Ali Khamenei who warned his candidacy would increase divisions in Iran.

Iran releases Canadian-Iranian academic held since June 26 Sep 2016

DUBAI Iran said on Monday it had freed a Canadian-Iranian academic detained since June, a week after the two nations began talks on a potential restoration of diplomatic relations broken in 2012.


Iran downplays chances of oil deal, UAE keen on freeze 26 Sep 2016

ALGIERS Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-eroding glut of crude. | Video


Iran's supreme leader tells Ahmadinejad not to run again for president 26 Sep 2016

DUBAI Iran's supreme leader has told former hardline president Mahmoud Ahmadinejad not to stand again in next year's elections, state media reported on Monday, effectively eliminating a major challenger to pragmatist incumbent Hassan Rouhani.

Oman Air apologises for maps using 'Persian Gulf' label 25 Sep 2016

DUBAI State carrier Oman Air has apologised for inflight maps that labelled the Gulf - the waterway separating Iran from the Arabian Peninsula - as the "Persian Gulf," in a sign of the strains between Gulf Arab countries and regional rival Iran.


U.S. close to suspending Syria talks with Russia as Aleppo battle rages

WASHINGTON/BEIRUT The United States is close to suspending talks with Russia on a ceasefire in Syria, U.S. Secretary of State John Kerry said on Thursday, as the Kremlin vowed to press on with an assault on the city of Aleppo. | Video