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Oil prices in downward spiral

BUSINESS

Oil prices in downward spiral

Crude has plunged to a seven-year low and is now nearing the levels hit during the financial crisis with no end in sight to a persistent supply glut in the global markets.

Iran draws up foreign trade road map

ECONOMY

Iran draws up foreign trade road map

Iran’s minister of economic affairs says the country has drawn up a comprehensive road map for boosting foreign trade during the post-sanctions era.