TEHRAN (Fars News Agency)- Iran signed a $2bn oil contract with Sinopec of China Sunday, sending a signal to western companies that they might miss out on potentially lucrative contracts with one of the world’s biggest energy exporters if they continued to heed US-inspired sanctions against Tehran.

TEHRAN (Fars News Agency)- Tehran says recent comments about Iran from Washington cannot affect relations between countries in the Mideast.

TEHRAN (Fars News Agency)- World oil traded lower in Asia on Monday as the market entered a traditional year-end cooling off period and concerns persisted over slower US economic growth, dealers said.