Reuters: A London-based unit of Iran's largest bank, Bank Melli, failed in a High Court challenge on Wednesday against an asset freeze imposed by the European Union.

Iran Focus: Tehran, Iran, Jul. 09 – Students in the University of Tehran staged a protest on campus on Tuesday, eye-witnesses told Iran Focus in a telephone interview.

Reuters: Iran's OPEC governor said on Wednesday the oil market was saturated and blamed policies of the Group of Eight (G8) rich countries for a price surge, the state broadcaster reported on its website.

Reuters: Oil rose $2 to near $138 a barrel on Wednesday, partly recouping a $5 drop in the previous session, after Iran said it had test-fired missiles that could reach Israel and U.S. bases in the region.

AFP: Iran on Wednesday test-fired a missile whose range puts Israel within reach, angering the United States amid growing fears that the standoff over the contested Iranian nuclear drive could lead to war.

Reuters: Iran has test fired nine long- and medium-range missiles, including one which it has previously said could travel as far as Israel and U.S. bases in the region, state media reported on Wednesday.

Washington Times: Tehran will seek a seat on the powerful U.N. Security Council next year, despite the trade sanctions the body has imposed to slow Iran's nuclear program.