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Images of an Iranian made two-wing propelled drone capable of accomplishing missions both on sea and on land has been published by Tasmin news agency, a media house close to the Iranian military. The hardware is being hailed as a Read more
The agreement between members of the Oil Petroleum Exporting Countries (OPEC) and non-OPEC members that was reached in Algiers last month is slowly nearing a deadlock after Iraq became one of the latest countries demanding to be exempted from it. Read more
Fighters of the Islamic State attacked the oil rich city of Kirkuk on Friday killing workers at an Iranian-run power plant before blowing themselves up. This came days after Iraqi forces and their allies began an offensive operation on Mosul. Read more
Iran’s President Hassan Rouhani on Thursday urged authorities to be hospitable to foreign businessmen and investors to remove Iranophobia and promote the country’s economy and trade. in his speech to promote Iranian trade relations with the rest of the world, Read more
Following the targeting of destroyer ship USS Mason at the beginning of the week with two missiles that failed to hit it, Washington responded by launching cruise missiles on three radar sites on the Yemeni Red Sea Coast cities of Read more
In a bid to address the global glut of oil supply, members of OPEC reached a landmark agreement, at a meeting in Algiers, to cut their collective oil output sending oil prices soaring by 5%. The member states of the Read more
The Iranian Armed Forces held a military parade on Wednesday to commemorate the Sacred Defense Week marking the beginning of their war with Iraq in 1980. The highlight of the event was the unveiling of Zolfaqar, a new long-range ballistic Read more
Secretary General of the Oil Producing Exporting Countries (OPEC) Mohammed Barkindo has hinted that the organization could hold an extraordinary meeting as early as November if OPEC and non-OPEC producers meeting on the sidelines of the International Energy Forum reach Read more
Saudi Arabia has, through its Ambassador to the UN Abdallah al-Mouallimi, addressed a letter to the UN Security Council complaining about Iran’s action in the Yemeni war. Riyadh accuses Tehran of supplying the Houthi Movement and its allies with weapons Read more
Provocation and tension between Iranian and US Forces in the Persian Gulf reached a new level after it was revealed that Iranian air-defense stations threatened to shoot down two US reconnaissance aircrafts. According to Commander Bill Urban, spokesman for the Read more