OPEC

The US sanctions have already damaged Iran's currency, the rial, as oil is Iran's main source of income. The Iranian currency has declined more than two third of its value since May.

New York: Oil prices climbed on Tuesday as investors were awaiting the closely-watched OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss whether to extend the current price-supporting curbs on crude output, Xinhua news agency reported. In a …