Iran Bans Bitcoin, Cryptocurrencies   Iran banned the use of bitcoin and other cryptocurrencies by banks and financial institutions on Monday amid ongoing debate over how best to regulate the technology. “The use of bitcoin and other cryptocurrencies in all the country’s monetary and financial centres was...

Oil Prices Rise as U.S Reduces Drilling Oil prices have been lifted by a drop in U.S. drilling activity as well as by expectations that the United States could re-introduce sanctions against Iran. U.S. WTI crude futures were at 65.18 dollars a barrel at 0025 GMT,...

Crude oil prices have increased on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at a U.S. oil rig and reduced exploration activity also supported prices there. Brent crude futures, the international benchmark for oil prices, were at...

Oil prices dipped over concerns that OPEC producers would not be able to maintain their high compliance so far with output cuts aimed at reining in a global fuel supply overhang. Brent crude was trading at $55.83 per barrel at 0800 GMT (3 a.m. ET),...