Iran responded on Friday to an incentives package offered by six world powers aimed at resolving a stand-off over its disputed nuclear ambitions.

Iran - Package - Response Iran's response to the Group 5+1 package of incentives was handed over to the European Union foreign policy chief, Javier Solana, on Friday.

Iran - Nuclear Program - Response Iran's response to the Group 5+1's package of incentives was handed over to Germany's Foreign Minister Frank-Walter Steinmeier by Iran's Ambassador to Berlin Mohammad-Mehdi Akhoundzadeh on Thursday.

The price of oil falls slightly on hopes Iran will react well to plans to resolve a dispute over its nuclear development.

TEHRAN, Iran -- Iran delivered a "constructive" preliminary response yesterday to a package of incentives meant to convince the nation to curtail parts of its nuclear program, European and Iranian officials said.

BBC Tehran correspondents on the stark choices offered by parallel debates in the US and Iran.

July 4 (Bloomberg) -- Crude oil fell from near a record after Iran said it gave a ``constructive'' response to incentives intended to persuade the nation to stop uranium enrichment.

State media: Iran delivers response to international proposal on nuclear program

July 4 (Bloomberg) -- Iran has given a ``constructive'' response to an incentives package from world powers intended to persuade the Persian Gulf nation to suspend uranium enrichment, the country's chief nuclear negotiator said.

July 4 (Bloomberg) -- Crude oil fell from near a record after Iran said it gave a ``constructive'' response to incentives intended to persuade the country to stop uranium enrichment.

The price of oil falls slightly on hopes Iran will react well to plans to resolve a dispute over its nuclear development.

Iran's ambassador to Belgium presented the response to the EU foreign policy chief Javier Solana, Iran's official news agency said. The report did not say what the response was.

Iran delivered its response to an international offer of incentives for it to suspend uranium enrichment, a central part of its nuclear program

Iran agreed Friday to enter into talks with the European Union about its nuclear program before the end of the month, Iranian state-run media said.

Iran's top diplomat predicted Wednesday that the United States and Israel would not risk the "craziness" of attacking his country and possibly provoking a wider Middle East war or driving oil prices into uncharted heights.

Oil prices closed at a record high Wednesday as the government reported a bigger-than-expected drop in U.S. supplies and the threat of conflict with Iran weighed on traders' minds.

WASHINGTON—The words Wednesday from Adm. Mike Mullen, chairman of the Joint Chiefs of Staff, were notable for their blunt pragmatism: an Israeli airstrike on Iran would be high risk and could destabilize the region, leading to political and economic cha

Iran's top diplomat predicted that the U.S. and Israel are in no position to launch a military strike.

Iran's foreign minister on Wednesday dismissed talk of a U.S. or Israeli attack against his country, calling the prospect of another war in the Middle East 'craziness.'

The top US military officer says opening up a third front in the Middle East with a strike on Iran would be "stressful".