TEHRAN (FNA) Crude oil rose after Iran said there is no need for the Organization of Petroleum Exporting Countries to increase supply at its Feb. 1 meeting.

TEHRAN (FNA) Iran believes there is enough oil in global markets and sees no need to increase production, the oil minister of OPEC’s second-largest producer was quoted as saying on Wednesday

TEHRAN (FNA) Kuwait’s foreign minister on Wednesday called Iran a friend only days after US President George W. Bush visited the Persian Gulf to rally regional support for Washington’s confrontation with Iran.