Iranian Oil Minister Gholam Hossein Nozari said that his country’s oil revenues are projected to hit US$60 billion this year.

Iranian Foreign Minister Manouchehr Mottaki said on Sunday that Tehran hopes to resolve a decades-old dispute with neighboring Kuwait over their maritime border before the end of the year.

British troops are facing “operational” defeat in Afghanistan because of years of government underfunding, a former head of the armed forces warned last night.