President Xi tells the World Economic Forum that blaming the world's problems on economic globalization is counterproductive.

Ukraine is looking for new markets for its food exports due to a Russian embargo on products from the country.

India, China, South Korea and Japan took in 1.99 million barrels per day in total last month, up 147.9 percent year on year.

World markets fell on Monday over speculations about an imminent rate hike in September by the US Federal Reserve in what analysts said was the worst day for markets around the world since the Brexit referendum in June.

An analyst says many believe that Africa will be entangled in a war of terrorism so they want to start serious cooperation with Iran which has good experience in fighting it.

Minister of Petroleum Bijan Zangeneh says Iran will support any initiative to stabilize the oil market after recent talks in Qatar failed to freeze production.

The British Chancellor of Exchequer says he will only initiate selling stake in Lloyds Bank when markets have 'calmed down'

Iran has no intention to wage a price war with fellow OPEC producers when sanctions on the country are lifted, a senior official says.

Iran says it will raise its oil production based on the market needs after the lifting of international sanctions.

Iran has strongly rejected calls by some OPEC peers to delay a decision to increase its oil production after the removal of the sanctions.