Reuters: Iran is using open credit lines settled in euros to finance fuel imports after some international banks stopped guaranteeing its deals due to U.S. pressure, an oil industry source said on Monday.

Times Online: President Bush backed his political rhetoric against Iran yesterday with the promise of a $20 billion arms deal to boost the military clout of Washington’s key allies in the Gulf.

Iran Focus: Tehran, Iran, Jan. 14 – Iranian officials claimed that the eight-day trip by United States President George W. Bush to the Middle East aimed at advancing peace in the volatile region is “doomed to failure”.

Iran Focus: Tehran, Iran, Jan. 14 – Five Chinese banks have resumed their deals with Iran, state media quoted the head of the Iran-China Chamber of Commerce as saying on Sunday.

Reuters: Iran and Russia’s gas export monopoly Gazprom plan to boost energy cooperation, Iran’s Oil Minister Gholamhossein Nozari was quoted as saying on Monday.

Reuters: Oil rose to nearly $94 a barrel on Monday, halting a three-day losing streak amid a wider commodities rally, as the dollar’s weakness and tensions involving Iran countered worries of a global economic downturn.

AFP: Iran angrily warned Turkmenistan to restore gas exports, amid criticism from MPs that the Iranian government was not doing enough to help people cut off from gas supplies in a severe winter, the press reported on Monday.