With the price of oil now below $30 a barrel, the industry is in its deepest downturn since the 1990s.
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Iran took a huge step to ending its international isolation as sanctions on the Islamic republic were lifted following the entry into force of last July's momentous nuclear deal with major powers. Iran's President Hassan Rouhani, whose 2013 election helped launch the Herculean diplomatic effort towards the July 14 Vienna deal, said it was a "glorious victory" for the "patient nation of Iran". "Implementation Day" for the accord came after the International Atomic Energy Agency said its "inspectors on the ground verified that Iran has carried out all measures" agreed under the agreement.
Two weeks after Nashat Melhem shot dead Alon Bakal and Shimon Ruimi, hundreds gathered at the ‘Simta’ pub where the terror attack took place to ‘show everyone that it’s possible to continue.’