Iran News
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Updated 55 minutes ago
Iran’s refusal to let United Nations experts investigate allegations of illicit nuclear activities at a military base doesn’t inspire confidence for a return to negotiations with the international community, U.S. officials and nuclear-proliferation specialists said.
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Updated 1 hour, 9 minutes ago
Oil dropped from a nine-month high in New York as investors speculated that fuel demand may falter after a report showed crude stockpiles increased in the U.S., the world’s biggest consumer of the commodity.
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Updated 15 minutes ago
On Feb. 24, the U.S., European nations, members of the Arab League and other sympathetic countries making up the newly established “Friends of Syria” group will gather in Tunisia for an emergency meeting on how to stem the bloodshed in Syria. Their deliberations are almost certain to involve calls for more crippling sanctions to bring about regime change and debates over providing military support to the fractured opposition groups inside the country.
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Updated 1 hour, 6 minutes ago
The dollar maintained gains from yesterday against the majority of its most-traded counterparts on concern oil prices at a nine-month high will restrain global growth, increasing demand for haven assets.
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Updated 2 hours, 30 minutes ago
The Standard & Poor’s GSCI gauge of 24 commodities climbed 0.5 percent to 703.11 at 4 p.m. in New York. The UBS Bloomberg CMCI index of 26 raw materials was rose 0.3 percent to 1,641.825 at 4:19 p.m.
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Updated 2 hours, 30 minutes ago
Most emerging-market stocks climbed as higher prices for oil boosted producers, offsetting data showing a contraction in manufacturing in Europe and China.
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Oil rose to a nine-month high as International Atomic Energy Agency officials were denied access to an Iranian military base and said negotiations over the country’s nuclear program “couldn’t finalize a way forward.”
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Ethanol rose as gasoline rallied to the highest level since July after officials from the International Atomic Energy Agency were denied access to an Iranian military base.
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Canadian stocks rose, extending a five-month high, as energy shares gained with oil prices on concern Iran will curb supply and gold producers rallied with the metal.
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President Barack Obama should release crude from the Strategic Petroleum Reserve to stem rising gasoline prices, three U.S. House Democrats said, a move the energy industry opposes.
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