Iran and Pakistan are close to finalizing a gas purchase agreement for the $7.4 billion IPI pipeline during technical talks in Islamabad, even as officials said India’s decision not to take part in the talks did not mean it had pulled out of the trilateral project.

Iran and Venezuela, the producers of about 9 percent of the world’s oil, will form a $1 billion global venture for projects in countries where companies such as Royal Dutch Shell Plc or Eni SpA are facing tougher business conditions.

A Japanese college student abducted in Iran’s southeast has been confirmed safe, but it was unknown when he would be released, a Japanese government spokesman said Thursday.

Russian President Vladimir Putin said on Wednesday that reports of an assassination plot against him in Iran were an attempt to “wreck” his landmark visit here this week.

European governments are deeply divided over imposition of new sanctions against Iran, in what could undermine a new US effort to mobilize allies to act outside of the United Nations, according to European officials.

  U.S. President George W. Bush warned on Wednesday that if Iran develops nuclear weapons, the result could be a new world war.  

US Secretary of State Condoleezza Rice flew back to Israel on Tuesday to resume intense preparations for a looming Middle East summit after securing cautious Egyptian support for the conference.

With less than a week to go before Lebanon’s parliament convenes again to elect a president, all indicators are that the session is doomed to fail or will be cancelled for lack of consensus among the country’s feuding political factions.

Russia, Iran and other Caspian Sea countries strongly warned outside nations on Tuesday against using their territories for launching military action, but they failed to reach an agreement on ways to divide the sea’s vast energy resources.

Syrian President Bashar Assad arrived here Tuesday for a four-day visit to discuss regional issues and bilateral ties, Anatolia news agency reported.