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Iran arrests 17 youths over water fight

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AFP: Iranian police arrested 17 boys and girls over a water fight at a seaside park in the Islamic republic’s south, a senior judicial official said on Sunday.

Iran’s new oil minister seeks $40 bln to develop shared fields

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Reuters: Iran will need some $40 billion this year to spur the development of oil and gas fields it shares with neighbouring countries, Oil Minister Rostam Qasemi said in his first interview since being appointed to the post, published on Saturday.

Iran’s Salehi ‘hopes’ court will free Americans

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AFP: Iran’s Foreign Minister Ali Akbar Salehi hopes the trial of two US citizens detained in the Islamic republic on espionage charges will lead to their freedom, reports said on Saturday.

Iran parliament to examine repeated pipeline explosions

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Reuters: Iran’s parliament is to examine recent energy pipeline explosions to see to what extent sabotage or technical problems were to blame, a lawmaker said on Sunday, two days after an oil line blast which caused a jump in global crude prices.

Iran’s oil minister: Replace foreign oil companies

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AP: Iran’s new oil minister says he wants the Revolutionary Guard’s economic conglomerate to replace foreign gas and oil companies, the official IRNA news agency reported.

Blast, followed by fire, hits Iran oil pipeline

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AP: An explosion struck an oil pipeline in Iran’s oil-rich southwestern province of Khuzestan early Friday, triggering a blaze that took firefighters hours to put out, news agencies reported.

OPEC to consult if oil prices fall more: Iran

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AFP: OPEC ministers will hold consultations if the price of crude oil continues to fall but it is too soon to call for an extraordinary meeting, Iran’s representative to the cartel said on Friday.

Iran’s rich eat ice cream covered in gold as poor struggle to survive

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Washington Post: Gold-flecked ice cream wasn’t part of the picture that Shiite Muslim clerics painted during the Iranian Revolution, when they promised to lift the poor by distributing the country’s vast oil income equally across society.

India’s IOC says to make small Iran oil payment soon

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Reuters: Indian Oil Corp (IOC) will make a payment to Iran for oil soon, the state-run refiner’s chairman R.S. Butola said on Thursday, after a new mechanism was set up to end a seven-month impasse triggered by U.S. pressure.

Italy ups Iran crude oil imports in May-industry

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Reuters: Italy’s imports of crude oil from Iran, one of its main suppliers, spiked in May helping to offset a lack of crude from Libya, data from industry body Unione Petrolifera (UP) showed on Thursday.