TEHRAN (FNA) ICE Brent crude futures rose above $97 on Monday after a news report that several US warships patrolling around Iran’s territorial waters in the Strait of Hormuz received a warning from Iranian forces.

TEHRAN (FNA) Iran and Pakistan will sign an agreement on the proposed Iran-Pakistan-India (IPI) gas pipeline next week, a minister said in Islamabad on Monday.

TEHRAN (FNA) President Mahmoud Ahmadinejad said Monday he was seeking a 17 percent spending increase in the budget for the next Iranian year.