TEHRAN (FNA)- Sixteen people were killed and 11 were injured when a bus and a truck collided in southern Iran on Sunday.

TEHRAN (FNA)- Iran, the number two oil producer in OPEC, expects the cartel to discuss ways of controlling the quotas of member countries at its next meeting in September, Oil Minister Gholam Hossein Nozari said.

TEHRAN (FNA)- World oil prices faced a roller coaster ride this week, tumbling on US demand concerns before rocketing higher on resurgent fears about West’s ultimatum to Iran over the latter’s nuclear energy programs, traders said.