2 February: The price of Brent crude oil rose above $111 per barrel yesterday, gaining for a second straight session on fears that tensions between Iran and the West may escalate further.Parliamentary speaker Ali Larijani again underlined that threat yest

In the meantime the Iranian Parliament yesterday discussed the country's budget for next year which sees Iran more than doubling its budget on defence in the coming year.

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Chinese using Linkedin to recruit agents in UK

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An alert issued to MPs, peers and parliamentary staff by security services identified two LinkedIn profiles, which it says are used on behalf of the Chinese Ministry of State Security (MSS). It says they act as "civilian recruitment head-hunters", targeting individuals working in British politics to solicit "insider insights". UK Security minister Dan Jarvis has said the government will not tolerate "covert and calculated" attempts to interfere with the UK's sovereign affairs, after MI5 warned MPs of the risk from Chinese spies. Jarvis announced a package of measures in the House of Commons to tackle espionage threats to the UK.