Lebanon sinks deeper in crisis after Safadi withdrawal

Lebanon sinks deeper in crisis after Safadi withdrawal

Mohammad Safadi, a former finance minister, pulls his candidacy, saying it was too hard to form a “harmonious” government with broad support. Safadi’s withdrawal leaves the powerful, Iran-backed Hezbollah and its allies with even fewer options, as country's foreign and local currency sovereign credit ratings plunge deeper into junk territory.

Protests grip major Iranian cities over gas prices; at least 1 killed

Protests grip major Iranian cities over gas prices; at least 1 killed

Demonstrations take place in over a dozen cities after Iranian President Hassan Rouhani’s decision early Friday to cut gasoline subsidies to fund handouts for Iran’s poor. Ayatollah Ali Khamenei blames opponents of the Islamic republic and foreign enemies for "sabotage." In Sirjan, some 500 miles south of Tehran, protesters shout: “Rouhani, shame on you! Leave the country alone!”