Iran’s new President is very hopeful for the country’s future

Ebrahim Raisi, 60, who was Tuesday (August 3) inaugurated as president of Iran and is set to be sworn in before parliament two days later, in his inauguration speech said he would seek to lift “oppressive” U.S. sanctions, but would “not tie the nation’s standard of living to the will of foreigners.” Raisi, replaces moderate president Hassan Rouhani, whose landmark achievement was the

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Iran’s Presidential Election 2021 a political milestone for global oil market

Polls open on Friday (June 18) for Iran’s presidential election with the vote seen as referendum on political and economic crises and with analysts considering it the year’s most important political event for the oil market. The election also carries implications for a wider Middle East already roiled by years of tensions between Tehran and the West. Iran’s current President Hassan Rouhani

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Netanyahu’s opponents reached a deal to form a new government in Israel

On Wednesday (June 2), Israeli opposition politician Yair Lapid announced he has reached the necessary majority to form a government, with eight parties converging to oust Benjamin Netanyahu, Israel’s longest-running prime minister, with 12 consecutive years in the position. Lapid was picked to form a new government by Israeli President Reuven Rivlin in May, after Netanyahu  failed to do so in the

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Israeli opposition parties unite in bid to oust Netanyahu

Likud, Israeli Prime Minister Benjamin Netanyahu’s party on Tuesday (June 1) challenged the legality of a bid by a rival rightist to head a new government, but the last-gasp attempt at extending his leadership was rejected by President Reuven Rivlin, Reuters reported. Head of the small religious and nationalist Yamina party, Naftali Bennett, Netanyahu’s former defence minister, announced on Sunday (May 30) he

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