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Middle East

Iran radically raises petrol prices by 50 percent

Iran imposed petrol rationing and raised pump prices by 50 percent or more on Friday, in a new move to cut costly subsidies that have fuelled high consumption and rampant smuggling. The Islamic republic provides some of the most heavily subsidised petrol in the world, with the pump price...

U.S. wrong to push Turkey to drop Russian defenses: Erdogan

Turkey’s president Tayyip Erdogan said Washington was not right to propose that Ankara get rid of the Russian S-400 missile defenses it purchased, calling it an infringement of sovereign rights, according to Turkish media. In a meeting at the White House on Wednesday, U.S. President...