Iran News

Oil Prices Slump even after OPEC Output Cut

TEHRAN (FNA)-The ongoing global financial crisis has made it truly difficult for the Organization of the Petroleum Exporting Countries (OPEC) to sustain oil prices by cutting the output, observers say.

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Iranian Bank Denies Charges by US Treasury

TEHRAN (FNA)- The Export Development Bank of Iran (EDBI) denied on Thursday US Treasury charges, and said financial sanctions imposed by Washington are illegal, noting it will file a complaint against the move.

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