TEHRAN (FNA) Iran on Wednesday said that it backs the Arab League chief Amr Mussa’s efforts to persuade warring Lebanese factions to agree a compromise plan allowing the election of a new president.

TEHRAN (FNA) Crude oil rose after Iran said there is no need for the Organization of Petroleum Exporting Countries to increase supply at its Feb. 1 meeting.

TEHRAN (FNA) Iran believes there is enough oil in global markets and sees no need to increase production, the oil minister of OPEC’s second-largest producer was quoted as saying on Wednesday