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Iran warns EU

Iran has warned the European Union against taking hasty political measures based on unfounded accusations to embolden rioters and terrorists targeting Iranian people. Iran’s foreign minister Hossein Amir-Abdollahian made the remarks in a phone call with the bloc’s foreign policy chief Josep Borrell. His statements came a day after the bloc said it was mulling restrictive measures against Tehran in the wake of recent riots. Iran's top diplomat said Tehran respects people’s right to hold peaceful protests, but will take firm legal measures against rioters and terrorists. For his parts, Borrell admitted that rioting and terrorism are different from peaceful protests that need an appropriate response. He added that the bloc does not intend to cause problems in its relations with the Islamic Republic. Riots erupted after a young woman died at hospital after being taken by police. A thorough investigation is under way to ascertain the exact cause of her death.

OPEC+ output cut

The Organization of the Petroleum Exporting Countries, OPEC and its Russian-led allies have announced a big cut in oil production from the coming November defying the US pressure. During a meeting in Vienna the 23 countries together known as OPEC agreed to reduce the output by 2 million barrels per day to boost a crude market already reeling from the global economic crisis. That’s over %2 of the global oil production and comes amid soaring energy prices. The move prompted a blistering reaction from the White House. In a statement, Washington expressed disappointment over what it called shortsighted decision by the cartel. It said the president would consult with the Congress to reduce OPEC’s control over energy prices. The US already warned the cartel against the crippling consequences of the measure for the world economy.

Hungary protest

Thousands of Hungarians have taken to streets in the capital Budapest, blocking a major bridge in support of teachers fighting for higher wages. At least 10,000 Hungarian students, teachers and parents took part in the Wednesday protest. This came after Hungarian teachers launched a campaign, calling for civil disobedience to demand higher wages and the right to strike. The protest also followed a call by trade unions for a nationwide teachers' strike after the government of Prime Minister Viktor Orban imposed restrictions on strike action. Hungary’s economy is heading into a recession next year, with inflation in double digits and the national currency registering successive record lows versus the euro.

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