Iran Will Ration Gasoline Until 2009 After Cutting Consumption 25 Percent

(Bloomberg) -- Iran will continue to ration
gasoline until ``at least'' 2009 because the program launched
last month has already cut consumption by a quarter, an oil
official said.

``The system will remain in place at least as long as the
current government is in power,'' Hojatollah Ghanimifard,
National Iranian Oil Co.'s director for international affairs,
said in an interview at the oil ministry in Tehran yesterday.
President Mahmoud Ahmadinejad started his four-year term in
August 2005.


Read more at Bloomberg Energy News

Higher crude oil, Iran tensions lift gold prices

(Reuters) - Gold rebounded on safe-haven buying on Monday, with oil prices rising on heightened tensions between Iran and the West after Tehran vowed to continue its nuclear programme.

But investors remained cautious in chasing prices higher because of recent sell-offs and ahead of the book-closing at the end of the current fiscal year in March.


Read more at Reuters Africa