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Saudi Top Diplomat Criticizes Iran Over Conflicts

Saudi Arabia's foreign minister on Monday lashed out at regional rival Iran, accusing the Shiite powerhouse of having forces inside Syria, Iraq and Yemen, and insisting that Iran is "part of the problem" in trying to defuse the myriad Mideast crises.

Saud al-Faisal said that Tehran should pull its troops which he called "occupying forces" from the three Mideast nations stricken by conflicts and violence if it wants to be part of the solution.

Al-Faisal did not elaborate on his allegations.

Iran insists it has no forces on the ground in any of the three countries, but has sent advisers to help Syrian President Bashar Assad keep his hold on power and to the Shiite-led government in Baghdad to battle the Islamic State group.

Iran is Syria's strongest ally in the Middle East, and has provided Assad's government with military and political backing for years. Iran also is believed to be sending weapons and money to Syria.

Saudi Arabia has joined the U.S.-led coalition in air strikes against Islamic State fighters who have taken over parts of Iraq and Syria, saying it seeks to both support the Syrian opposition battling Assad and crush the extremist fighters.

"In many of these conflicts, Iran is part of the problem and not part of the solution," al-Faisal said during a press conference in the Saudi city of Jiddah with visiting German Foreign Minister Frank-Walter Steinmeier.

"If Iran wants to contribute to solving the problems in Syria, it should withdraw its troops from Syria," he said, adding the same applies to Yemen and Iraq.

Jordan, Bahrain and the United Arab Emirates have also joined in airstrikes against the extremist group, while Qatar is providing logistical support.

Also Monday, Qatar's emir arrived to Saudi Arabia for a meeting with King Abdullah. It is Sheik Tamim bin Hamad Al-Thani's second visit to the kingdom in the past three months. The two were to discuss regional issues related to the fight against the Islamic State group, Saudi media said.

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Saudi Top Diplomat Criticizes Iran Over Conflicts

Iran's president says nuclear deal with world powers still possible before Nov. 24 deadline

Published October 13, 2014

TEHRAN, Iran Iran's president is holding out hope that Tehran and world powers may still be able to reach a deal on the country's controversial nuclear program before the Nov. 24 deadline.

Hassan Rouhani says Iran has the "political will" to reach the deal with the six nation group the five permanent members of the U.N. Security Council plus Germany although significant differences remain that require negotiations.

Rouhani spoke on national television late on Monday, in remarks that somewhat contrasted those of senior Iranian nuclear negotiator, Abbas Araghchi, who on Friday said the talks could be extended.

The talks were already extended once earlier this year. They reportedly remain stuck over the size and output of Iran's uranium enrichment program, a possible pathway to nuclear arms.

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Iran's president says nuclear deal with world powers still possible before Nov. 24 deadline

Iraq Birth Defects – Video


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Iraq Birth Defects - Video

Iraq Follows Saudi Price Cuts as Brent Oil Falls With WTI

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009 as it follows Saudi Arabia and Iran in cutting prices amid a slump in Brent futures to the lowest in almost four years.

Brent crude, the European benchmark, fell 2 percent in London today while West Texas Intermediate lost 1.4 percent in New York. Iraq, the second-biggest producer in the Organization of Petroleum Exporting Countries, trimmed the price differentials for supplies to Asia and Europe for November, the countrys State Oil Marketing Co., known as SOMO, said yesterday.

The worlds two most-traded oil futures are collapsing as demand growth slows and output expands in the U.S., Russia and other nations. OPECs biggest producers are responding by cutting prices, sparking speculation they are ready to compete for market share. Iran last week said it will sell oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia.

OPEC is still giving no indication that it might take steps to shore up prices, Carsten Fritsch, an analyst at Commerzbank AG in Frankfurt, said in a report. OPEC countries appear to be more interested in defending their market shares at present than stabilizing prices.

Brent for November settlement slid $1.83 to $88.38 a barrel on the London-based ICE Futures Europe exchange as of 11:57 a.m. London time. The contract closed at $90.05 on Oct. 9, the lowest since June 2012. Prices have decreased about 20 percent this year.

WTI for November delivery was at $84.61 a barrel in electronic trading on the New York Mercantile Exchange, down $1.21. The contract settled at $85.77 on Oct. 9, the lowest since December 2012. The U.S. benchmark crude was at a discount of $3.76 to Brent. It closed at $4.39 on Oct. 10.

Prices slumped after OPEC increased oil supply by the most in almost three years last month. While Societe Generale SA estimates the group needs to reduce output by about 1 million barrels a day, analysts were split last week on whether it will announce a cut at its next gathering in November.

Whats happening in the market is good for big Middle-East customers like us, said B. Ashok, the chairman of Indian Oil Corp., the countrys largest state-run refiner that counts Iraq as its biggest supplier. We have to wait and see where prices go in coming months. Usually, they tend to rise a bit in winter.

Venezuela will seek an extraordinary OPEC meeting to address falling prices, the nations foreign ministry said in a Twitter post on Oct. 10. Kuwaiti Oil Minister Ali Al-Omair said many countries considered the groups current output quota to be reasonable and fair and the country hasnt received an invitation to any emergency meeting, state news agency Kuna reported yesterday.

Although it looks like prices have touched their lowest level, theyll fall a bit more before they are hit by an actual move by OPEC, Will Yun, a commodities analyst at Hyundai Futures Co., said by phone in Seoul. Countries cutting their official selling prices is one of the factors thats been driving the prices down in the short term.

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Iraq Follows Saudi Price Cuts as Brent Oil Falls With WTI

ISIS captures Iraq army camp as bombs hit Baghdad

BAGHDAD -- Militants of the Islamic State of Iraq and Syria (ISIS) on Monday captured a military training camp in western Iraq, inching closer to full control of the restive Anbar province, as a spate of deadly bombings shook Baghdad, hitting mostly Shiite neighborhoods and leaving at least 30 dead.

The attacks, which came as Iraqi Shiites marked a major holiday for their sect with families crowding the streets in celebration, raised new concerns that the Sunni militant group is making gains despite U.S.-led coalition airstrikes.

British Foreign Secretary Philip Hammond, on a visit to Iraq, warned that the airstrikes will not be enough to defeat the extremist group and stressed that the Iraqi security forces would have to do the "heavy work on the ground."

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Despite U.S. airstrikes and resistance from Iraqi military forces, ISIS terrorists continue to make headway through Iraq's Anbar province. If the...

But Iraqi troops, overstretched and overwhelmed by ISIS' summer blitz that seized large swaths of territory in western and northern Iraq, continued to come under pressure Monday in the western Anbar province, where militants seized an Iraqi military training camp.

The camp, near the town of Hit that fell to the insurgents earlier this month, was overrun in the morning hours after clashes with Iraqi soldiers who were forced to abandon the camp and withdraw from the area, two Anbar officials told The Associated Press, speaking on condition of anonymity because they were not authorized to talk to the media. Town residents confirmed the camp's fall, speaking to the AP also on condition of anonymity, fearing for their own safety.

ISIS touted its conquest of the camp in a statement Monday. The statement could not immediately be verified but it was posted on militant websites commonly used by the group.

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Maj. Mike Lyons (Ret.), CBS News Military Analyst, discusses Turkeys agenda in the fight against Islamic State militants.

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ISIS captures Iraq army camp as bombs hit Baghdad