State-run Iranian media outlets have raised $600,000 to add to the bounty for the killing of British author Salman Rushdie, according to reports from the semi-official Fars news agency. This is biggest increase in the bounty since its inception 27 years ago. The latest hike reportedly brings the total award close to $4 million. The […]
Iran rejected appeals Wednesday from other oil-producing states to curb its oil exports to try to end the plunge in world crude oil prices, instead saying it intends to increase production. Iran’s envoy to the Organization of the Petroleum Exporting Countries, Mahdi Asali, said Tehran intends to step up exports until they reach the level […]
Worries about China’s slowing growth and further drops in oil prices sparked a global stock selloff on Friday. The cost of a barrel of oil slid below $30 for both the Brent and West Texas Intermediate benchmarks. In New York, the S&P 500 fell 2.7 percent in afternoon trading, while the Dow was off nearly […]
The White House says a bill that seeks to bar the U.S. from lifting certain sanctions against Iran would violate commitments necessary to implement the international agreement to limit the Iranian nuclear program. Iran made the deal with the U.S., Britain, China, France, Russia and Germany last year to cut back its nuclear activity and […]