Iran's Rouhani says oil prices fall result of ‘treachery’December 10, 2014 - 16:35 AMT PanARMENIAN.Net - Iran's President Hassan Rouhani says the sharp fall in oil prices is the result of "treachery," in an apparent reference to regional rival Saudi Arabia, which opposed production cuts to lift prices. According to the Associated Press, Rouhani told a Cabinet meeting Wednesday, Dec 10, that the fall in prices is "politically motivated" and a "conspiracy against the interests of the region, the Muslim people and the Muslim world." "The people of the region will not forget such conspiracies, or in other words, treachery against the Muslim world," he said. Oil prices have plunged by more than 40 percent since June to less than $70 a barrel. An OPEC meeting last month failed to reach agreement on production curbs, mainly because of Saudi opposition. Iran's sanctions-hit economy is largely dependent on petroleum exports. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |