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Iran and EU in new nuclear contact but no change

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ImageReuters: Iran's chief atomic negotiator and the man representing six world powers discussed Tehran's nuclear programme in telephone talks on Monday but an EU official said there was no change in the dispute.

Oil vulnerable as OPEC supply cushion thins: Iran

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ImageReuters: Rising OPEC output has cut the group's spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran's OPEC governor said on Sunday.

Iran unmoved on nuclear stance in face of sanctions

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ImageReuters: Iran will not back down on its nuclear stance despite the threat of tighter sanctions, Iranian media quoted a government spokesman as saying on Sunday.

Iran could face action over no-show at swimming

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ImageAFP: Iran could face action from the IOC if it deliberately pulled out of the Olympic men's 100m breaststroke heats because an Israeli was also racing, Olympic officials said Sunday.

Iran says it’s ready to ‘confront’ new sanctions

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ImageAP: Iran's official news agency is quoting a government spokesman as saying the country is "ready to confront sanctions" over its disputed nuclear program.

Iran, Algeria to discuss OPEC-style gas group: report

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ImageReuters: Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian President Abdelaziz Bouteflika to Tehran, Iran's ambassador to Algeria said in remarks published on Sunday.

Kuwait says Iran nuclear dispute hurts neighbours

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ImageReuters: U.S.-allied Kuwait urged Iran on Saturday to resolve tensions with the West over its nuclear programme, saying the dispute undermined the interests of Gulf states with which it shares a vital oil export route.

Iran in new oil money move to dodge sanctions: report

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ImageAFP: Iran's government has ordered the state oil company to deposit oil revenues only in selected banks in a bid to dodge toughening sanctions over its nuclear drive, local media reported on Saturday.

Venezuela, Iran to loan Bolivia 225 mln dlrs for cement firm: official

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ImageAFP: Venezuela and Iran are to loan Bolivia 225 million dollars to create a state cement company for the construction of roads and houses, the deputy minister for small and medium business, Eduardo Peinado, said Saturday.

EU tightens sanctions on Iran over nuclear program

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ImageAP: The European Union tightened trade sanctions against Iran Friday for defying a long-standing international demand to freeze uranium enrichment.