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OPEC faces output balancing act over US-Iran crisis

OPEC is on red alert over escalating US-Iran tensions that have fuelled strong oil-price gains -- but the cartel and other crude-producing nations are unlikely to end output cuts at a meeting Tuesday, traders say. The Organization of the Petroleum Exporting Countries, a cartel of 14...

EU 'deeply concerned' on regime attacks in Idlib

The European Union is "deeply concerned" about the situation in northwestern Syria, a statement said on Thursday. In a declaration on behalf of the EU, foreign policy chief Federica Mogherini said after more than eight years of conflict, the Syrian population continues to suffer...

Iran's Zarif rejects Trump idea of short war as 'illusion'

Iran's Foreign Minister Mohammad Javad Zarif on Thursday warned that US President Donald Trump was mistaken in thinking a war between their countries would not last long. "'Short war' with Iran is an illusion," Zarif tweeted a day after Trump said he does not want a war with Iran but warned...