Iran

TEHRAN (FNA)- Oil prices rose more than $1 on Monday after energy firms in the US Gulf shut down nearly all offshore oil output and a host of flood-prone coastal refineries ahead of Hurricane Gustav, the biggest threat since 2005’s devastating Katrina.

TEHRAN (FNA)- Woolworths’ biggest shareholder, Iranian property tycoon Ardeshir Naghshineh, may plan his own bid for the confectionery-to-DVDs retailer.

TEHRAN (FNA)- Iran, OPEC’s second-largest oil producer, may urge the crude exporting group to restrain output when it meets Sept. 9 to ensure the market doesn’t become over supplied and push prices below $100.

TEHRAN (FNA)- Two leading global energy companies are promoting business with Iran.

TEHRAN (FNA)- Kish Island off the Iranian coasts in the Persian Gulf is one of the Middle East’s most popular tourist destinations. The free trade zone draws one-and-a-half million visitors each year to its shopping centers, resort hotels, beaches and festivals.

TEHRAN (FNA)- Two award-winning feature-length Iranian films are scheduled to be screened at international film festivals in Europe and Africa.

TEHRAN (FNA)- Russia’s nuclear power chief cancelled a Sunday visit to Tehran that was planned to prepare the nuclear fuel operation of the joint Bushehr power plant in southern Iran.

TEHRAN (FNA)- Iran’s oil minister suggested on Sunday crude at $100 a barrel was the lowest appropriate level but said factors like the approaching cold season would push up demand and prices.

TEHRAN (FNA)- A senior military commander warned on Saturday that any attack on Iran would start a new world war.

TEHRAN (FNA)- Iran broke ground Thursday on the construction of its 150,000 barrel a day Anahita refinery in western Kermanshah province, the Oil Ministry said Saturday.