Recent Posts

OPEC to Cut Oil Supply by 1.5mln bpd

TEHRAN (FNA)- Members of the Organization of Petroleum Exporting Countries have decided to cut production by 1.5m barrels a day from November in a bid to stem a collapse in prices.

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Russia Warns US against Sanctions

TEHRAN (FNA)- Moscow accused Washington on Friday of breaking international law and undermining cooperation on Iran’s nuclear program after it imposed sanctions on Russian companies.

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Bush to Seek Diplomatic Presence in Iran

TEHRAN (FNA)- The Bush administration will announce in mid-November, after the presidential election, that it intends to establish the first US diplomatic presence in Iran since 1979, according to senior Bush administration officials.

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