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U.S. sailors divulged sensitive information while held by Iran - Navy

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WASHINGTON U.S. sailors who blundered into Iranian waters in January divulged sensitive information to their captors while held at gunpoint by Iran's Islamic Revolutionary Guard Corps, a U.S. Navy report said on Thursday. | Video

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Oil falls on profit taking after best quarter in seven years 30 Jun 2016

NEW YORK Oil prices dropped more than 3 percent on Thursday, pressured by returning Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years.

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Iran says under no obligation to buy Airbus superjumbo jets - IRNA 30 Jun 2016

ANKARA Iran said on Thursday it was under no obligation to buy A380 superjumbo jets, state news agency IRNA reported, raising further questions over part of a landmark deal with European planemaker Airbus .

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OPEC oil output hits record high in June on Nigerian rebound 30 Jun 2016

LONDON OPEC's oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria's oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies.

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Doubts grow over Airbus A380 sale to Iran - sources 27 Jun 2016

PARIS As Western plane makers seek to finalise lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag carrier, several people familiar with deal said.

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Iran oil chief shakes up oil firm in bid to strike pre-election deals 27 Jun 2016

DUBAI/LONDON Oil minister Bijan Zanganeh has handed the running of Iran's national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year's presidential polls.

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Iran supreme leader - Bahrain's move against top cleric risks violence 26 Jun 2016

DUBAI Iran's supreme leader has blasted as "foolishness" a decision by Bahrain's leaders to strip a top Shi'ite Muslim cleric of his citizenship, and said it could provoke violence from Shi'ites, who make up the majority in the Sunni-ruled Gulf kingdom.

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U.S. Navy mulls punishment for sailors seized by Iran 23 Jun 2016

WASHINGTON United States Navy officials are reviewing potential punishments against the American sailors who were briefly held by Iran in January and are close to a decision, a Navy official said on Thursday.

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China-led bloc keeps Iran at arm's length despite Russian backing 23 Jun 2016

TASHKENT The Shanghai Cooperation Organisation (SCO), a China-led security bloc, refused to initiate Iran's accession on Thursday despite a request from Russia which backs Tehran's bid, indicating possible divisions between Beijing and Moscow.

Yemen's Houthis kill seven in search for pro-government fighter -residents 23 Jun 2016

CAIRO Residents of a village in central Yemen said Iran-allied Houthi fighters shot dead seven farmers on Thursday while searching for the leader of a pro-government militia.

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Trump floats idea of using NATO in fight against Islamic State

WASHINGTON - Republican Donald Trump said on Thursday that if elected president Nov. 8 he would be open to drawing NATO forces into the fight against Islamic State militants in a new mission for an alliance he has called obsolete. | Video