World News

Iran's Economy Contracts Sharply Amidst Rising Oil Prices

September 21, 2026Юрий Верхотуров1 мин

The price of a barrel of North Sea Brent crude (LCOc1) recently rose by 81 cents, or 0.78 percent, to $104.68. A barrel of US WTI crude (CLc1) increased by 76 cents, or 0.76 percent, to $101.06. Saturday's attacks intensify Middle Eastern tensions as the US and Iran remain in a stalemate.

Simultaneously, the diplomatic rift between Iran and France is worsening. Iranian authorities ordered the closure of a language institute affiliated with the French embassy, citing "illegal activities." The Centre de langue française (CLF) operated "illegally" for years "under the guise of foreign language instruction," according to a statement from the judiciary news agency Mizan on Sunday. Tehran's public prosecutor has therefore decreed its closure.