Continued uncertainty around the Covid-19 pandemic has kept a lid on rallying oil prices, according to the World Bank. Though prices have been supported
Iran: Powerful Shiite Muslim nation with regional reach
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Iran: Powerful Shiite Muslim nation with regional reach
AFP / Jun 9, 2021, 14:13 IST
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PARIS: Iran is the world s largest Shiite country whose main Muslim rival is Sunni kingpin Saudi Arabia.
Here is some background on a nation whose influence stretches from Iraq to Syria, Lebanon and Yemen, but which is grappling with a severe economic crisis.
Successor to the ancient Persian Empire ruled by monarchs called shahs, military strongman Reza Shah Pahlavi took the throne in 1925 after years of upheaval.
He was forced to abdicate in 1941 in favour of his son Mohammad Reza after Britain and the Soviet Union invaded.
Oil prices rose on Tuesday, settling at the highest in more than two years after the top U.S. diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of U.S. sanctions on Tehran would remain in place.
Here is some background on a nation whose influence stretches from Iraq to Syria, Lebanon and Yemen, but which is grappling with a severe economic crisis.