AP: Iran’s president on Tuesday unveiled an upgraded version of a short-range surface-to-surface ballistic missile just weeks after it was test-fired, the country’s state-media reported.

Bloomberg: Iran will start within three weeks a new gasoline production unit at the Shazand refinery which will double the plant’s output to 16 million liters a day, the state- run Mehr news agency reported.

Reuters: With international sanctions squeezing Iran, the Islamic Republic is seeking to expand its banking foothold in the Caucasus nation of Armenia to make up for difficulties in countries it used to rely on to do business, according to diplomats and documents.

AP: The Obama administration said Monday that Iran doesn’t deserve to host a summit of non-aligned nations later this month but urged foreign leaders who decide to attend to press the Iranian government comply with international demands to come clean about its nuclear program.

AFP: US authorities on Monday announced the seizure of $150 million allegedly linked to a scheme by the Lebanese militant group Hezbollah to launder proceeds from drug trafficking and other crimes. Washington considers the Shiite militant group a terrorist organization and accuses Syria and Iran of providing its weaponry.

Bloomber: An Iranian crude oil-tanker signaled it’s sailing for Singapore after calling at Kharg Island, the Persian Gulf country’s biggest export facility, ship-tracking data compiled by Bloomberg show.

Reuters: South Korean refiners will resume imports of up to 200,000 barrels per day of Iranian crude from September, economy ministry sources said on Monday, ending a two-month gap due to a European Union ban on insurance cover for Iranian oil.