Dropping oil price, sanctions cost Russia $140 billion: minister Reports suggested Russia could cut its oil production by about 300,000 barrels a day in an attempt to support the oil price.
Iraqi troops recapture 2 IS-seized towns in eastern province Kurdish security forces, known also as peshmerga took part in the fighting against the IS group in both towns.
Israel threatens military action if Iran nuke deal unsatisfactory: report "Current proposals guarantee the perpetuation of a crisis, backing Israel into a corner,” the Post quoted Israeli govt. sources as saying.
China dismisses U.S. call to stop island project in South China Sea China lays claim to almost all of the entire South China Sea, believed to be rich with minerals and oil-and-gas deposits.