Tag: Iran
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OPEC Agrees to First Oil Output Cut in Eight Years
OPEC agreed to a preliminary deal that will cut production for the first time in eight years, according to delegates briefed on the matter. Oil prices gained more than 6 percent as Saudi Arabia and Iran wrong-footed traders who expected a continuation of the pump-at-will policy the group adopted in 2014.
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UN and EU to pressure Israel on Middle East nuclear test ban
The UN and EU have launched a diplomatic initiative to persuade Israel to agree and declare a ban on nuclear tests in the Middle East.
