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22 February 2012 Last updated at 11:16 ET

Oil price highest for nine months

The price of oil reaches its highest level since May 2011 on rising tensions over Iran's nuclear programme.


China Eastern Airlines jetCountries oppose CO2 tax on jets

China, the US and other countries opposed to a new EU carbon tax on airlines meet in Moscow to consider possible retaliation.

Lavan oil refinery, Iran - file picIran 'halts UK-France oil sales'

Iran halts oil sales to British and French companies, the nation's oil ministry says, ahead of a 1 July ban on Iranian oil imports imposed by the EU.

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