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Middle East

European powers reject Iran 'ultimatums' on nuclear deal

European powers said Thursday that they still backed the nuclear deal with Iran, but rejected any "ultimatums" from Tehran to keep it alive. "We reject any ultimatums and we will assess Iran's compliance on the basis of Iran's performance regarding its nuclear-related commitments" under a...

US sanctions on Iranian oil risk stoking OPEC tensions

Washington is counting on Middle East allies to help prevent its sanctions on Iran's oil exports from sending oil prices skyrocketing, but analysts warn that this could further destabilise the already precarious balance within OPEC. The US reimposed sanctions on Iran -- including its crude...