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Iran has stated that it supports the agreement reached between Qatar, Russia, Saudi Arabia and Venezuela in Doha to freeze oil output at January 11 levels without making any commitment whether it would abide by it. After meeting with his Read more
The first cargo train coming from China arrived on Monday in Tehran marking the revival of the ‘Silk Road Economic Belt’ project spearheaded by Beijing with Iran expected to play a major role due to its geographic location. The train Read more
Iran, which is coming back on the international oil market, voiced readiness to discuss the issue of oil prices with OPEC member states, including Saudi Arabia. “We support any form of dialogue and cooperation with OPEC member states, including Saudi Read more
Oil Minister Bijan Zanganeh said crude oil supplies will be increased because European companies have requested hundreds of crude oil barrels per day (bpd) during President Rouhani’s visit to Italy and France. Total agreed to buy 160,000bpd while Eni is Read more
Tehran has recuperated more than $100 billion of its frozen assets, according to government spokesman Bagher Nobakht who said that the assets have been fully released and can be used. The assets frozen under US sanctions have not been released Read more
The new US Navy Littoral Combat Ship designed to operate in shallow waters showed shortcoming and vulnerabilities during the tests. The flaws were revealed by head of the Pentagon weapons testing team, Michael Gilmore, in an annual report on major Read more
Iran concluded a multi-billion dollar deal with Airbus for the acquisition of 73 wide-body and 45 narrow-body jets including a dozen A380 superjumbos. The deal also covers maintenance of aircrafts and training of Iranian pilots. The 118 aircrafts are expected Read more
Saudi Arabia’s ambassador to Iraq, Thamir Sabhan, told Iraqi-based Al-Sumaria TV in an interview that Shia fighters combatting the militants of the Islamic State should lay down their arms because “they are not accepted by the sons of Iraqi society.” Read more
Tehran and Riyadh do not seem ready to heal their ties any time soon, as reports emerged that Iranian Foreign Minister Javad Zarif and the former Saudi ambassador to the U.S. who once headed the Kingdom’s intelligence service, Prince Turki Read more
“Attacking the Saudi Embassy (in Tehran) was really bad and harmed Iran and Islam, but this should not be an excuse to criticize our devout young people,” Iran’s supreme leader Ayatollah Khamenei said during his address to electoral officials ahead Read more