Reuters: Iran has approved the commercial viability of natural gas production at the Farsi block operated by Indian firms, which will now submit a $3 billion development plan to Tehran, a senior source at a firm holding a stake in the block said.

Reuters: A senior Iranian official called on U.S. President-elect Barack Obama Thursday to show goodwill and remove sanctions against the Islamic Republic, an Iranian news agency reported.

Iran Focus: Tehran, Iran, Nov. 06 – An earthquake measuring 4.2 on the Richter scale jolted the port city of Bandar-e Kong in southern Iran on Wednesday.

Reuters: Iran's hardline President Mahmoud Ahmadinejad congratulated U.S. President-elect Barack Obama on Thursday and called for "fundamental and fair" changes to U.S. policies in the region, Iran's official IRNA news agency said.

Reuters: Israel said on Thursday U.S. President-elect Barack Obama's stated readiness to talk to Iran could be seen in the Middle East as a sign of weakness in efforts to persuade Tehran to curb its nuclear programme.

The Times: President Mahmoud Ahmadinejad of Iran suffered a humiliating and politically damaging setback yesterday when his Interior Minister, Ali Kordan, was impeached by parliament for deception after he confessed to holding a forged law degree from the University of Oxford.

Washington Times: When the U.S. stock market plunged and venerable New York investment houses fell, some Iranian leaders said the Bush administration was paying the price for its aggressive, unilateral ways.

Reuters: OPEC may need to cut its oil output more but it remained too early to tell if a further reduction was needed, Iran's OPEC governor Mohammad Ali Khatibi told Reuters on Wednesday.