Iran Coverage: OPEC agrees to curb oil output in the first deal since 2008

Daily look at Iran’s late-breaking news and upcoming events:


OPEC agrees modest oil output curbs in first deal since 2008

OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

Hamas calls for ‘Day of Rage’ during Peres funeral

Hamas has called on Palestinians to hold a “Day of Rage” on Friday which will coincide with the funeral of former Israeli president Shimon Peres.

Iran’s UN envoy dismisses Saudi claims on Yemen arms transfer

Iran’s Ambassador to the United Nations Gholam Ali Khoshroo rejected claims made in a September 14 letter by Saudi Arabia to the United Nations that Tehran is transferring arms to Yemen’s Ansarullah movement.

Oil jumps after report OPEC reaches deal to limit crude output in November

Oil prices settled up nearly 6 percent on Wednesday after OPEC sources said the group has struck a deal to limit crude output at its policy meeting in November, its first agreement to cut production since the market crashed two years ago on oversupply.

Peugeot targets 150,000 vehicle sales in Iran in second half

PSA Peugeot Citroen (PEUP.PA) said it plans to sell more than 150,000 Peugeot vehicles in Iran in the second half of this year as the French carmaker seeks to reclaim the leading position it once enjoyed in the country.

Iran commander claims Tehran has missile capable of striking Israel

As Iran beefs up its military hardware, an Iranian commander has claimed Tehran is in possession of a missile capable of striking Israel.

Iranian-Egyptian meeting

The meeting between Iranian Foreign Minister Mohamed Javad Zarif and his Egyptian counterpart Sameh Shoukri on the sidelines of the recent UN General Assembly meeting in New York may have been one of the important from the Muslim countries’ point of view.

Iran agrees to restructure Cuba’s debt

Cuba’s debt to Iran has been restructured following an agreement between the two countries.

Congress rejects Obama veto, Saudi September 11 bill becomes law

Congress on Wednesday overwhelmingly rejected President Barack Obama’s veto of legislation allowing relatives of the victims of the Sept. 11 attacks to sue Saudi Arabia, the first veto override of his presidency, just four months before it ends.

Iran’s navy keeping watchful eye on foreigners’ moves in regional waters: Commander

Iranian Navy Commander Rear Admiral Habibollah Sayyari said the country’s naval forces are closely watching all moves by foreign military units anywhere in regional waters.