Iran

OPEC to Try to Stop Price Falls in Sept

TEHRAN (FNA)- Iran’s oil minister said on Monday he expected OPEC to work on preventing the falling trend in crude prices and also to study oversupply in the market when it meets in September.

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Iran Launches New Submarine Production Line

TEHRAN (FNA)- Iranian Defense Minister Mostafa Mohammad Najar said Monday that the country has begun a submarine production line to equip its army for protecting the important oil shipping route of the Strait of Hormuz on the Persian Gulf.

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