Iran plans to start offering oil-backed securities to its citizens, President Hassan Rouhani said Wednesday, as part of the government's efforts to boost state coffers hit by US sanctions and the coronavirus crisis. Iran's economy, further strained by low oil prices, has been suffering...

Iran's President Hassan Rouhani expressed "great hopes" Wednesday that a US bid to extend an arms embargo on his country will fail, warning of consequences if the UN Security Council backs it. Rouhani's remarks came after Iran's ambassador to the United Nations said the US would have to...

The Turkish lira resumed its sharp fall Wednesday on investor worries of a full-blown currency crisis and as a firm dollar made it more vulnerable to a squeeze, while emerging market stocks fell on doubts over coronavirus aid in the United States. The lira weakened 1.7 percent to 7.32...

Iranian hard-liners in parliament Wednesday voted against President Hassan Rouhani's nominee for trade minister in the first showdown between the rival camps since the house resumed work in May despite the struggles to curb the spread of the coronavirus. According to the parliament's...