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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US and Ukraine sign deal giving US access to country’s valuable mineral wealth

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US and Ukraine sign deal giving US access to country’s valuable mineral wealth

US and Ukraine sign deal giving US access to country’s valuable mineral wealth

The United States and Ukraine have signed a minerals deal after a two-month delay, in what President Donald Trump's administration called a new form of US commitment to Kyiv after the end of military aid. Ukraine said it secured key interests after protracted negotiations, including full sovereignty over its own rare earths, which are vital for new technologies and largely untapped. Trump had initially demanded rights to Ukraine's mineral wealth as compensation for US weapons sent under former president Joe Biden after Russia invaded just over three years ago.