Iran supports the Organization of the Petroleum Exporting Countries (OPEC) as long as the group protects Iranian interests alongside other members, Iran’s OPEC governor Amir Hossein Zamaninia said on Monday. Sixty years after its formation, OPEC’s founding members, Iran and...

The French economy will contract by 8.7 percent this year owing to the Covid-19 pandemic, the central bank estimated Monday, less than originally forecast due to consumer spending. The Bank of France had previously expected a 10.3-percent slump as companies reel from the impact of...

An aid worker from Turkey's Red Crescent was killed and another was wounded after masked assailants attacked the group's vehicle near the northern Syrian town of al-Bab, the aid agency said in a statement Monday. It said the attack took place between al-Bab and the Turkish border town of...

Oil-rich Gulf nations are relying on a well-worn playbook of spending less and borrowing more to get through the coronavirus crisis but with the outlook for oil clouded by uncertainty the strategy is riskier than before. Previous bouts of belt-tightening have relied on rebounding oil prices...