Ira News

World oil prices gained last week on the Fed pledge to keep interest rates near zero and as traders eyed ongoing geopolitical concerns over key crude producer Iran Commodity prices mainly rose last week on the struggling dollar after the US Federal Reserve vowed to keep interest rates near zero for at least two years.

AFP/Tehran Irans showdown with the West slid closer to dangerous confrontation yesterday as international alarm over a new uranium enrichment plant and Tehrans death sentence for a CIA spy raised the stakes.

Commodity prices rallied this week as the dollar weakened against the euro in reaction to global efforts to tackle an escalating eurozone debt crisis, analysts said.

The Republican candidates seeking to replace US President Barack Obama are to face off today in their first televised debate on foreign policy and are set to slam his handling of world affairs.