Sanctions? Coke and Pepsi found a way around them and are battling for market share in Tehran with local Zamzam Cola. Fortune’s Eric Ellis reports.

GUNMEN in Iraqi army uniforms kidnapped a senior Iranian diplomat in Baghdad on Sunday, an Iraqi Government official said today.

NEW DELHI (Reuters) – Union oil minister, Murli Deora, said on Tuesday a final agreement between Iran, Pakistan and India on a pricing formula for gas to be delivered by a proposed $7 billion pipeline should by signed by June-end.