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October 20, 2018 12:00 AM OPEC struggles to boost oil output

LONDON: OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. The Organization of the Petroleum Exporting Countries and allies agreed in June to boost supply as U.S. President Donald Trump

October 15, 2018 12:00 AM US wants ‘regime change’ in Iran: Rouhani

TEHRAN: The United States is seeking "regime change" in Iran, President Hassan Rouhani said on Sunday, adding that the current US administration is the most hostile that the Islamic Republic has faced in its four decades. Tensions have increased between Iran and America after United States President Donald Trump withdrew from a multi-lateral agreement

October 14, 2018 9:17 AM Saudis 'reject' threats as stocks drop amid scrutiny over missing journalist

Saudi Arabia on Sunday rejected any “threats” of economic sanctions or political pressure — a day after United States President Donald Trump’s comments on the disappearance of Jamal Khashoggi. The statement carried by the state-run Saudi Press Agency also warned that the kingdom will respond to any steps taken against it. This statement came after the Saudi 4 1

October 13, 2018 12:00 AM Buying Iranian oil, S-400 missile not helpful to India: US

WASHINGTON: The US State Department said on Thursday the reports that India was purchasing Iranian oil and buying Russian manufactured S-400 missile defence system were not helpful, hours after President Trump said that India would soon know Washington’s response to the Russian deal. When we hear about things such as purchasing oil or of the S-400 systems 4

October 13, 2018 12:00 AM Turkish court rules to release US pastor

ALIAGA, Turkey: A Turkish court ruled on Friday to release the US evangelical Christian pastor at the centre of a bitter diplomatic row between Ankara and Washington, a move that could be the first step towards mending ties between the Nato allies. The court passed a 3 years and 1-1/2 month sentence on Brunson, who had been charged with terrorism offences 4

October 10, 2018 12:00 AM US Ambassador to UN Nikki Haley quits

WASHINGTON: The US ambassador to the United Nations, Nikki Haley, is resigning "to take a little time off," President Donald Trump said on Tuesday, as she became the latest in a long line of high-profile departures from the administration. Trump said he had accepted Haley’s resignation and would name her successor within two or three weeks. She will leave

October 9, 2018 6:08 AM IMF says not approached by Pakistan for assistance

NUSA DUA, Indonesia: Pakistan has not formally approached the International Monetary Fund for financial assistance despite its economic woes, the IMF’s chief economist said on Tuesday. China’s involvement in Pakistan’s economy could bring both benefits and risks, Maurice Obstfeld said. At a news conference at the IMF and World Bank annual meetings in Bali, Obstfeld

October 9, 2018 12:00 AM US in new global court showdown with Iran

THE HAGUE: The United States will confront Tehran at the UN’s top court on Monday over billions in frozen assets, in a case that could deepen the Trump administration’s rift with international justice. Iran had dragged Washington before the International Court of Justice in June 2016 to oppose a US Supreme Court ruling that the $2 billion should go to victims 1

October 8, 2018 7:37 AM 'US should demand answers from Saudi Arabia about disappearance, alleged killing of journalist'

The United States should "demand answers" from Saudi Arabia about the disappearance and alleged killing of journalist Jamal Khashoggi, The Washington Post said late Sunday — and punish the kingdom if cooperation is lacking. Khashoggi, a contributor to the Post who has been critical of Saudi Crown Prince Mohammed bin Salman, vanished after an appointment 3 1

October 7, 2018 12:00 AM US considering waivers on Iran oil sanctions

WASHINGTON: The Trump administration is actively considering waivers on sanctions it will reimpose next month for countries that are reducing their imports of Iranian oil, a US government official said. The administration withdrew from a deal over Tehran´s nuclear programme in May and is unilaterally reimposing sanctions on Iran´s crude oil consumers 1