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US's Pompeo urges allies to cut off funding to Iran

U.S. Secretary of State Mike Pompeo called on American allies Thursday to help impose economic pressure on Iran, and accused Tehran of continuing to sell weapons in the Middle East despite United Nations resolutions. "We must cut off all funding the regime uses to fund terrorism & proxy...

Egypt ups prices of cigarettes as part of economic reforms

Egypt has hiked the prices of cigarettes, the latest measure amid reforms designed to overhaul the country's troubled economy, still reeling from a costly 2011 uprising. The government's decision, which took effect Thursday, imposes an increase of 1.5-3 Egyptian pounds, or about 8-17...

Trump blasts NATO in closed-door summit session: sources

U.S. President Donald Trump went on a fresh attack against NATO allies' spending and European trade practices in a closed-door session at a NATO summit on Thursday, two sources told Reuters. NATO leaders then asked non-NATO partner countries Ukraine and Georgia to leave the room for an...

World oil supply risks being 'stretched to limit': IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum...