Oil eyes on U.N. response to Iran
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Oil edged further above $70 a barrel   on Friday, as traders anticipated waiting several weeks before   the United Nations decides on sanctions against the world's   fourth-largest oil exporter Iran.
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Oil dropped well over &#36;1 on Wednesday  after Washington said it would talk to major OPEC producer Iran  and forge a &quot;new and positive&quot; relationship -- provided it  stopped uranium enrichment.
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Major powers plan to meet in London this week to discuss new U.N. sanctions on Iran amid a spat between Washington and the U.N. nuclear watchdog over Tehran's nuclear ambitions, U.S. officials said on Tuesday.
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Oil rose to $71 a barrel on Friday, near  a nine-month high, as a strike in Nigeria threatened more of  the country&#39;s output and Iran remained defiant over its nuclear  program.
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The Group of Eight industrialized nations is set to discuss Iran&#39;s nuclear program Friday In Washington. A top US official says Iran can avoid possible sanctions if it cooperates with the UN nuclear watchdog.
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The Bush administration will take up strategy for UN sanctions against Iran at a meeting Friday of senior officials from eight nations.
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Major powers are set to hold talks on Thursday to discuss a third U.N. sanctions resolution against Iran over its nuclear program, the U.S. State Department.
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Iran will review its cooperation with the International Atomic Energy Agency and consider "new options" if the U.N. Security Council passes a third sanctions resolution, Iran's Foreign Ministry said on Sunday.
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Senior U.S. officials will consult allies in Europe next week on ways to intensify pressure on Iran amid suspicions Tehran is trying to evade sanctions by concealing the origin of financial transactions.
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The U.N. nuclear watchdog begins a  meeting Monday to consider a European draft resolution on  Iran's atomic program, which Washington says is a cover for  developing a nuclear weapon.
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The U.N. nuclear watchdog chief headed for Iran on Thursday to push for full transparency over its past and present atomic activity after U.S.-Iranian tensions were heightened by a naval incident in the Gulf.
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A British proposal to target Iran's national shipping lines under a draft U.N. sanctions resolution could temporarily curb Tehran's ability to export oil to world markets, maritime sources said on Tuesday.
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Major powers are expected to begin   discussing an Iran sanctions resolution at a meeting in Europe   next week if Tehran continues to defy a U.N. Security Council   demand to halt uranium enrichment, the U.S. State Department   said on Wednesday.
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The Iran nuclear issue has again become the focal point for discussion by the countries attending the International Atomic Energy Agency (IAEA) board meeting.
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OPEC, which pumps more than a third of the world&#39;s oil, is considering raising its oil-output targets at a meeting this week in Vienna, although that wouldn&#39;t necessarily mean more oil production, the Wall Street Journal
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The U.N. nuclear watchdog on Wednesday put finishing touches on a report expected to confirm that Iran continues uranium enrichment activities, a finding that could trigger harsher U.N. Security Council sanctions against Tehran.
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The U.N. nuclear watchdog on Wednesday put finishing touches on a report expected to confirm that Iran is continuing uranium enrichment activities, a finding that could trigger harsher U.N. Security Council sanctions against Tehran.