Reuters: Oil's rise to a record over $139 a barrel last week had nothing to do with a supply shortage, Iran's OPEC Governor Mohammad Ali Khatibi said on Monday.
Record oil price not due to lack of supply: Iran
Iran vows ‘painful response’ if Israel attacks
AP: Iran's defense minister warned of a "painful response" if Israel attacks Iran, the official IRNA news agency reported Monday.
Iranian inflation tops 25 percent
AFP: Inflation in Iran, the subject of heavy criticism against the government of President Mahmoud Ahmadinejad, rose again over the past month to over 25 percent, the central bank said on Sunday.
Iran sees oil price at $150 per barrel by end-summer
Reuters: World crude prices are expected to reach $150 per barrel by the end of summer, Iran's representative to the Organisation of the Petroleum Exporting Countries (OPEC) was quoted as saying on Sunday.
US military arrests 2 suspected militiamen in Iraq
AP: U.S. soldiers in Baghdad captured an Iraqi arms dealer and "assassination squad" leader responsible for trafficking Shiite extremists in and out of neighboring Iran for training, the military said Sunday.
Ex-premier is expelled from governing party in Iraq
New York Times: In a shakeup at the top of Iraq’s Shiite power structure, former Prime Minister Ibrahim al-Jaafari was expelled from the governing Dawa political party, officials said Saturday.
Israel disavows minister’s Iran threat
AFP: Israeli officials on Sunday slammed a senior minister's threat last week to strike Iran if it does not halt its nuclear drive, accusing him of using the issue for domestic political ends.
Iraq will not be used to ‘harm’ Iran, PM vows
AFP: Iraqi Prime Minister Nuri al-Maliki on Sunday tried to reassure Iran over a planned security pact with Washington, vowing Iraq would never allow use of its territory to "harm" the Islamic republic.
Iran warns IAEA against playing for time
AFP: Iran's powerful parliament speaker Ali Larijani warned the UN nuclear watchdog on Saturday against playing for time in a dispute over Iran's controversial atomic programme.
Iraqi prime minister visits Iran for key talks
AP: Iranian state television says Iraq's prime minister is in Tehran for talks with Iranian leaders.
