Reuters: Iran has cut oil production by 200,000 barrels per day (bpd) from 4.04 million bpd, in line with an OPEC agreement to find ways to support declining crude prices, a director of the state oil company said on Friday.

Reuters: The U.S. Treasury on Thursday moved to close off one of Iran's last available entry points into the U.S. financial system by revoking its licence for "U-turn" bank transfers, which briefly enter the United States before being sent to offshore banks.

AP: The Bush administration moved Thursday to clamp down on Iran by barring financial institutions from routing certain money transfers through the United States on behalf of Iranian banks, Iran's government and others in the country.

AFP: The United States has set up new barriers to Iran's access to the US financial system by banning certain types of fund transfers, the Treasury Department said Thursday.

Iran Focus: Tehran, Iran, Nov. 07 – Iran aims to increase its annual commercial and trade exchange with Brazil from 2 to 10 billion dollars, state media reported.

AFP: The Iranian press watchdog has banned popular moderate weekly, Shahrvand Emrouz, which has been critical of President Mahmoud Ahmadinejad, the magazine's lawyer told AFP on Thursday.

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.