Iranian Petroleum Minister's warning letter to OPEC
Reuters UK reports that Iran’s oil minister said OPEC may need to hold an extraordinary meeting should the organisation of oil producers fail to prevent member countries from adjusting their crude production without approval, the Shana news agency reported on Wednesday.
Bank of America: Oil could spike to $120 without Iranian oil
CNBC writes that oil could spike above $120 per barrel, given global crude supplies, says Bank of America Merrill Lynch.
Iran rep in OPEC: Will veto Saudi proposal
Bloomberg reports that Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week.
Iran-Venezuela sign Pharmaceutical MoU
A comprehensive Memorandum of Understanding for Iran-Venezuela Joint Cooperation in pharmaceuticals has been signed by the Health Minister of Iran and the Venezuelan Foreign Minister.
Zarif reacts to Trump’s immigration order
The Foreign Minister of Iran has reacted to a renewed immigration order against Iranians by the US President.