…Iran is to reduce its reliance on oil exports by increasing taxes, borrowing more money and cutting energy subsidies, as President Hassan Rouhani vowed on Sunday that the Islamic republic could…

Iran’s president presented a draft state budget of about $39 billion to parliament on Sunday, saying it was designed to resist U.S. sanctions by limiting dependence on oil exports.

Turkey’s President Recep Tayyip Erdogan accused allies-turned-rivals of defrauding a state-owned bank.

In January, the Trump administration predicted Venezuelan President Nicolás Maduro’s imminent downfall as he wrestled with an energized opposition, U.S. oil sanctions and international isolation. Today, he appears in firm control. This wasn’t supposed to happen.

Iran’s President Hassan Rouhani says his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U

Tehran, Iran (AP) — Iran’s president says his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. sanctions.

The United States and Iran each freed a prisoner on Saturday in a rare act of cooperation between two longtime foes whose ties have worsened since President Donald Trump took office.

In a year of heightened tensions between Iran and the United States that brought the longtime foes to the brink of military conflict, a swap of prisoners on Saturday was a rare act of cooperation.

The United States and Iran swapped prisoners – an American detained for three years on spying charges and an imprisoned Iranian – on Saturday in a rare act of cooperation between two longtime foes.