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Oil prices fell over 1 percent on Monday after the U.S. dollar jumped, with markets pressured as Iraq's production rose and as Iran said it would only cooperate in talks to freeze output if fellow exporters recognized its right to fully regain market share. Brent crude futures were trading at $49.22 per barrel at 0644 GMT, down 70 cents, or 1.4 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude was down 75 cents, or 1.6 percent, at $46.89 a barrel.
Reports of a bomb outside Belgium's criminal institute early Monday are probably false, the Brussels prosecutor's office said, adding that the incident is much more likely an arson attack on a crime lab. ...
By Aidan Lewis SIRTE, Libya (Reuters) - At least 34 Libyan fighters were killed and more than 180 wounded on Sunday as they closed in on the last Islamic State militant holdouts in the coastal city of Sirte, according to field hospitals. Forces aligned with Libya's U.N.-backed government, supported since Aug. 1 by U.S. air strikes, have pushed militants back into a small residential area in central Sirte in a three-month-old campaign. The Libyan brigades, mostly from the city of Misrata, say they are close to victory in Sirte, but they have struggled to defend themselves against suicide bombings, sniper fire and landmines.