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United Kingdom

Iran

Iran says its armed forces are not a regional threat

President Hassan Rouhani said Iran's armed forces did not pose a threat to its neighbours as he addressed a display on Thursday of Iran's latest military equipment, including domestically produced fighter jets and Russian-made missile systems.

Oil up 1 percent as market focuses on supply risks

Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC-led production cut limited gains.