Iran-backed groups reject Saudi investment in Iraq

Iraqi Prime Minister Mustafa Al-Kadhimi announced the groundwork for launching Saudi investments in Iraq, however the announcement was met with widespread rejection among Iran-backed Shia political circles and armed factions who expressed serious doubts about Saudi Arabia’s intention.

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India hopes to import more Iranian Crude

India hopes it could diversify its oil suppliers under the new U.S. Administration that could relax restrictions on oil exports from Iran and Venezuela, India’s Oil Minister Dharmendra Pradhan told Bloomberg TV in an interview.

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