Middle East Public date: 24.08.2017 23:12:18

Publisher: The Guardian

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1 Jan 2012

Iran proposes to reopen nuclear talks

Iran has proposed to reopen negotiations about its controversial nuclear programme with the US, Russia, China, Britain, France and Germany. The invitation by Iran's chief nuclear negotiator, Saeed Jalili, comes in the wake of new sanctions recently imposed by the UN over Tehran's uranium enrichment programme. The last round of talks between Iran and the five permanent members of the UN security council and Germany - held in Istanbul in January - ended in failure
Iran has proposed to reopen negotiations about its controversial nuclear programme with the US, Russia, China, Britain,...

Publisher: Haaretz

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1 Jan 2012

Obama signs into law bill imposing Iran banking sanctions

U.S. President Barack Obama signed a sweeping defense funding bill on Saturday that includes new sanctions on financial institutions dealing with Iran's central bank, but cited concerns about sections that expand the U.S. military's authority over terrorism suspects and limit his powers in foreign affairs.
U.S. President Barack Obama signed a sweeping defense funding bill on Saturday that includes new sanctions on financial...

Publisher: iran briefing

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31 Dec 2011

Despite sanctions, Iran has billions stashed away in European banks: EU advisor

Earlier this week, an EU economic advisor said the Islamic republic still has several billions in euros stashed away in European banks despite of a dispute between Western powers over Iran s nuclear program. Mehrdad Emadi was responding to comments published in Iran s semi-official Fars news agency quoting central bank officials stating that Iran had withdrawn all of its money from European banks after the EU adopted a new round of sanctions targeting the country s oil industry.
Earlier this week, an EU economic advisor said the Islamic republic still has several billions in euros stashed away in...
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Publisher: Aljazeera

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30 Dec 2011

US warns Iran against closing oil route

The US has strongly warned Iran against closing a vital Gulf waterway, after Iran threatened to choke off traffic through the Strait of Hormuz if the US imposes sanctions targeting the country's crude exports. The increasingly heated exchange raises new tensions in a standoff that has the potential to prompt military reprisals and push up oil prices to levels harmful to an already fragile global economy.
The US has strongly warned Iran against closing a vital Gulf waterway, after Iran threatened to choke off traffic...

Publisher: Aljazeera

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28 Dec 2011

Iran to ‘block’ Gulf oil if sanctions proceed

No oil will be allowed to pass through the Strait of Hormuz if the West applies sanctions on Iran's oil exports, Iranian Vice President Mohammad Reza Rahimi has warned. The threat was reported on Tuesday by the state news agency IRNA as Iran conducted its fourth day of naval drills near the Strait of Hormuz, at the entrance to the oil-rich Arabian Gulf.
No oil will be allowed to pass through the Strait of Hormuz if the West applies sanctions on Iran's oil exports, Iranian...

Publisher: Reuters

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28 Dec 2011

Saudi would replace Iran crude if EU embargoes-sources

Top oil exporter Saudi Arabia and other Gulf OPEC states are ready to replace Iranian oil if further sanctions halt Iranian crude exports to Europe, industry sources said on Tuesday. Iran's Oil Minister Rostam Qasemi had said that Saudi Arabia had promised not to replace Iranian crude if sanctions are imposed.
Top oil exporter Saudi Arabia and other Gulf OPEC states are ready to replace Iranian oil if further sanctions halt...

Publisher: Payvand

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24 Dec 2011

Iran bans opening LCs for UAE imports

The Iranian administration has decided to ban opening LCs for importing goods from the United Arab Emirates in response to illogical behaviors of the UAE under the pressure of international sanctions against Iran, a member of the Iranian parliament (Majlis) stated.
The Iranian administration has decided to ban opening LCs for importing goods from the United Arab Emirates in response...

Publisher: Aljazeera

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24 Dec 2011

The winners and losers of US policy on Iran

In the same week that President Obama declared an end to the Iraq War, Congress brought Americans closer to confrontation with Iran. The whimper with which America's presence in Iraq ended was also drowned out by Republican presidential hopefuls beating war drums. This is America nearly four years into Obama's leadership. The President may have begun his term by trying to pursue a different path with Iran, but his acquiescence to domestic lobbying has made the results of his policies indistinguishable from his predecessor. Ironically, his attempts to appease pro-Israel advocates have only invited more onerous demands while leaving would-be supporters disillusioned.
In the same week that President Obama declared an end to the Iraq War, Congress brought Americans closer to...

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20 Dec 2011

Rome meeting analyses Iran oil embargo

Diplomats from a so-called "group of like-minded nations" met in Rome on Tuesday to discuss further sanctions against Iran, diplomatic sources said. The closed-door meeting is taking place under the auspices of the Italian foreign ministry and participants considered it a "technical meeting," an Italian diplomatic source said.
Diplomats from a so-called "group of like-minded nations" met in Rome on Tuesday to discuss further sanctions against...
20 Dec 2011

Iran Has Only Six Months

While sanctions against Iran s central bank - an idea that has already reverberated through the country s economic sector - have not yet been signed by the US president, a review of the Iranian media indicates the constrains that exist in debating this issue. To clarify the meaning and consequences of sanctioning the central bank, Rooz interviewed two prominent economy specialist in Tehran, Mohammad-Reza Behzadian and Kamal Athari. Behzadian believes that while such sanctions cannot take place against Iran right now, they can within the next six months if Iraqi, Saudi and Libyan oil make up Iran's absence from the oil market. Behzadian who is associated with reformers ran in the Tehran s chamber of commerce elections with the slogan of 'change' and claims to have unlodged the body from its conservative elements such as Ali Naghi Khamushi, Mir-Mohammad Sadeghi and Asadollah Asqar-Owladi. Read on for the details.
While sanctions against Iran s central bank - an idea that has already reverberated through the country s economic...

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13 Dec 2011

US sanctions 2 Iran military figures for rights abuses

The US Treasury named Major General Hassan Firouzabadi, chairman of Iran's Joint Chiefs of Staff, and Revolutionary Guard Deputy Commander Abdollah Araqi under the sanctions, which forbid Americans from any business relations with them and freeze their assets in the US.
The US Treasury named Major General Hassan Firouzabadi, chairman of Iran's Joint Chiefs of Staff, and Revolutionary...

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12 Dec 2011

Ineffective tightening of sanctions on Iran

There is a long record of the grim effects of sanctions in international struggles against those states deemed as "rogue". Sanctions are seen as righteous instruments, a non-violent way to pressure problematic regimes to change. But when you really don't care about a country or its people, then your true attitudes emerge in the way in which you use the sanctions instrument of policy.
There is a long record of the grim effects of sanctions in international struggles against those states deemed as...

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10 Dec 2011

EU leaders call for more sanctions on Iran

European Union leaders called on Friday for more sanctions against Iran by the end of January, in an effort to increase pressure on Tehran over its nuclear programme. The leaders did not make an explicit call for an embargo on Iranian crude oil, which EU diplomats have been discussing this month as a way to respond to mounting concerns that the OPEC producer has worked to design a nuclear weapon.
European Union leaders called on Friday for more sanctions against Iran by the end of January, in an effort to increase...

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5 Dec 2011

Lucrative Surveillance Market Fed By Desire To Hunt Down Dissidents

Reporters Without Borders reiterates its condemnation of the criminal cooperation between western hi-tech companies and authoritarian regimes, which is receiving renewed attention after the WikiLeaks website Thursday posted the "SpyFiles", a series of documents shedding light on the scale of the 5-billion-dollar international market in mass surveillance and interception. ---- Chris Smith, a Republican member of the US House of Representatives, is currently preparing a new version of his proposed Global Online Freedom Act (GOFA), which would ban the export of these technologies to countries such as Syria and Iran that restrict online free expression and target dissidents.
Reporters Without Borders reiterates its condemnation of the criminal cooperation between western hi-tech companies and...

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4 Dec 2011

Iran sanctions pose legal conundrum for expats

Iranian expatriates living in the United States, of whom a vast majority oppose the Ayatollah regime in Tehran, have recently become entangled in criminal investigations due to new embargo laws against the Islamic Republic. The sanctions, meant to pressure Tehran into calling off its nuclear program, have effectively prevented the import or export of any merchandise or capital from and to Iran.
Iranian expatriates living in the United States, of whom a vast majority oppose the Ayatollah regime in Tehran, have...
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2 Dec 2011

US Senate passes sanctions on Iran central bank

The US Senate has unanimously approved economic sanctions on Iran targeting the country's oil industry, despite warnings the move could backfire. The measures, passed by 100 votes to nil, would ban foreign firms from doing business with the Iranian central bank. Before it can become law, it must be approved by the House and President Barack Obama, who is sceptical.
The US Senate has unanimously approved economic sanctions on Iran targeting the country's oil industry, despite warnings...
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30 Nov 2011

Why the Concern Over the March Elections

Speaking at a seminar for public, revolutionary and military prosecutors on March 2 of this year, cleric Hossein Taeb said, "In addition to military and diplomatic measures, the Americans have devised three domestic plans to contain and control. Their hopes have been to get results by linking the (international) sanctions to the (domestic) targeted subsidies. But they failed. For this year, their plan is to first link the sanctions to the next round of targeted subsidies and thus create a new round of chaos. At the same time they want to increase the security threats and keep us engaged in greater security and law enforcement activities and thus exhaust ourselves. And (finally when the election time comes) then plan to launch their "velvet revolution."
Speaking at a seminar for public, revolutionary and military prosecutors on March 2 of this year, cleric Hossein Taeb...
30 Nov 2011

The banking ban behind the attack on the British embassy in Iran

Militants have stormed the British embassy in Tehran, burning the British flag and replacing it with the flag of the Islamic Republic. Fars News Agency, which describes the attack as "spontaneous", says more than 1,000 students were involved. There are reports also of documents being seized, from both the British embassy and the British Council. In their statement, the students call for the breaking of all relations with the UK.
Militants have stormed the British embassy in Tehran, burning the British flag and replacing it with the flag of the...

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27 Nov 2011

Iran parliament votes to downgrade relations with UK

Iran's parliament has voted by a large majority to downgrade diplomatic relations with the UK. The move comes after the UK Treasury imposed sanctions on Iranian banks on Tuesday, accusing them of facilitating the country's nuclear programme.
Iran's parliament has voted by a large majority to downgrade diplomatic relations with the UK. The move comes after the...

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25 Nov 2011

U.S. Treasury to brief UAE, Israel on Iran pressure

The U.S. Treasury will send its top national security official to the United Arab Emirates and Israel this weekend to brief government officials on new U.S. actions to increase financial pressure on Iran. The Treasury said David Cohen, undersecretary for terrorism and financial intelligence, will discuss the Obama administration's decision to declare Iran a jurisdiction of "primary money laundering concern" during the Nov. 26-29 trip.
The U.S. Treasury will send its top national security official to the United Arab Emirates and Israel this weekend to...

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23 Nov 2011

China says it opposes Western sanctions on Iran

China's Foreign Ministry on Wednesday said it opposes unilateral sanctions against Iran,days after several Western countries announced new measures against Tehran to halt its nuclear program. The United States, Britain and Canada announced new measures against Iran's energy and financial sectors on Monday and France proposed "unprecedented" new sanctions, including freezing the assets of its central bank and suspending purchases of its oil.
China's Foreign Ministry on Wednesday said it opposes unilateral sanctions against Iran,days after several Western...

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23 Nov 2011

Iran Says Needs to Spend $50 Billion a Year to Keep Oil Output

Iran needs to invest as much as $50 billion a year in its oil industry to maintain its position as OPEC s second-largest crude exporter and boost natural gas production, Oil Minister Rostam Qasemi said. Qasemi's comments today published in the state-run Fars news agency came two days after the U.S. and its allies expanded sanctions against Iran in an effort to thwart the country's controversial nuclear program.
Iran needs to invest as much as $50 billion a year in its oil industry to maintain its position as OPEC s second-largest...

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22 Nov 2011

Iran: New Western nuclear sanctions ‘in vain’

Iran has dismissed new Western sanctions imposed against it because of growing concerns about its nuclear programme. A senior Iranian official said the sanctions would unite the Iranian people, would have no impact and would be "in vain". On Monday, the US, UK and Canada announced new measures targeting Iran.
Iran has dismissed new Western sanctions imposed against it because of growing concerns about its nuclear programme. A...

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21 Nov 2011

UK severs ties with Iranian banks

The UK has imposed new sanctions against Iran which will cut off all financial ties with Iranian banks. It follows the International Atomic Energy Agency's report on Iran and concerns about its nuclear programme. From 1500 GMT on Monday, all UK credit and financial institutions are required to cease all transactions with banks including the Central Bank of Iran.
The UK has imposed new sanctions against Iran which will cut off all financial ties with Iranian banks. It follows the...
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21 Nov 2011

Iran Stays Away From Nuclear Talks

The United States and its allies are rolling out a new set of sanctions against Iran on Monday, with the country s central bank and petrochemical industry as targets. The move tightened the vise on Tehran after a United Nations report on its nuclear activities, but demonstrated the continued limitations to international pressure.
The United States and its allies are rolling out a new set of sanctions against Iran on Monday, with the country s...
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11 Nov 2011

The bomb will not save Iran from its deepening isolation

A harsher option put forward by Washington hardliners, to destroy the Iranian economy by enforcing a boycott of the Iranian central bank, is fraught with danger. It would cripple Iranian crude exports, drive up oil prices in an already tight market, and perhaps deliver the death blow to hopes of global economic revival.
A harsher option put forward by Washington hardliners, to destroy the Iranian economy by enforcing a boycott of the...

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10 Nov 2011

China Iran’s New Best Friend

Following this week's International Atomic Energy Agency (IAEA) report concluding that Tehran appears to be well on its way to developing the possibility of manufacturing a nuclear weapon, the next step for world powers is to seek tougher sanctions in the United Nations Security Council. But meaningful restrictive measures are not likely to happen, say many analysts, considering China's close relationship with Iran, in part to satisfy China's great thirst for oil. Today, Chinese and Russian diplomats announced that they believe no new sanctions on Iran are necessary.
Following this week's International Atomic Energy Agency (IAEA) report concluding that Tehran appears to be well on its...

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10 Nov 2011

Nuclear Smuggler Or Kidnapped Iranian Businessman

Amir Sairafi was an Iranian trader doing business in Dubai, the free-wheeling Middle East commerce hub. When he flew to Germany to take his oral exams for his master s degree, he ran into the U.S. crackdown on illicit trade with Iran.
Amir Sairafi was an Iranian trader doing business in Dubai, the free-wheeling Middle East commerce hub. When he flew to...

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9 Nov 2011

How to overthrow Iran’s regime without war or sanctions

Abolhassan Bani-Sadr, first president of the Islamic Republic of Iran, warns that military intervention and economic sanctions only strengthen Iran s regime, whose grip on power depends on maintaining a crisis. He offers 14 ways to hasten democratization in Islamic countries
Abolhassan Bani-Sadr, first president of the Islamic Republic of Iran, warns that military intervention and economic...

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9 Nov 2011

Russia rules out new Iran sanctions over nuclear report

Russia has ruled out supporting fresh sanctions against Iran, despite a UN report that says Tehran may be trying to develop nuclear weapons. Deputy Foreign Minister Gennady Gatilov told Interfax news agency that extra sanctions could be interpreted as a means of regime change in Iran.
Russia has ruled out supporting fresh sanctions against Iran, despite a UN report that says Tehran may be trying to...
9 Nov 2011

Who’s in favour of sanctioning Iran

The loudest, most influential organisations pushing for sanctions against Iran have an open pro-Israel agenda, regardless of their positioning on the political spectrum. The best resourced of all is the American Israel Public Affairs Committee (AIPAC), self-described as "the most influential foreign policy lobbying organisation on Capitol Hill". AIPAC lobbied aggressively for the recent bellicose bill proposals, featuring them and its lead sponsors on the front page of its website. Sanctions are "having an impact" and "more are needed", the accompanying captions read. AIPAC is also a key backer of the push to sanction Iran's central bank, a move that some Iranian officials consider an act of war.
The loudest, most influential organisations pushing for sanctions against Iran have an open pro-Israel agenda,...

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5 Nov 2011

U.S. Keeps Focus On Sanctions For Iran, Amid Speculation Over Israeli Strike

The Obama administration is cautioning the international community to stick with economic sanctions against Iran, as developments in Israel and at the United Nations fuel speculation about a possible military strike being pushed by Israeli Prime Minister Benjamin Netanyahu.
The Obama administration is cautioning the international community to stick with economic sanctions against Iran, as...

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5 Nov 2011

Iranian student activists write letter to Obama on anniversary of embassy hostage-taking

On the occasion of 13 Aban (November 4th, the anniversary of the hostage-taking of the American embassy in Iran), a group of current and former Iranian student activists have written a letter to Amerrican president Barack Obama. In the letter, the students stress the importance of sanctioning the Iranian authorities.
On the occasion of 13 Aban (November 4th, the anniversary of the hostage-taking of the American embassy in Iran), a...

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1 Nov 2011

Iran’s economy minister survives vote

Iran's economy minister has survived an impeachment vote in parliament after appeals by the president, Mahmoud Ahmadinejad, to keep the government intact despite anger over a major banking scandal. Parliament members voted 141-93 on Tuesday to keep Shamsoddin Hosseini, who has been accused of failing to take action after learning of the alleged $2.6bn bank fraud. Ahmadinejad, who had been called to the parliament for questioning, said that dismissing Hosseini would be a setback for Iran's efforts to fight international sanctions over its nuclear programme.
Iran's economy minister has survived an impeachment vote in parliament after appeals by the president, Mahmoud...

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30 Oct 2011

Video Interview: Hillary Clinton with BBC Persian – The Unfortunate Decision of the Green Movement

Earlier this week we noted US Secretary of State Hillary Clinton's PR offensive and posted the video of her interview with the Voice of America. Now we put up the footage of her discussion with BBC Persian, broadcast on the same day.
Earlier this week we noted US Secretary of State Hillary Clinton's PR offensive and posted the video of her interview...
27 Oct 2011

Washington Should Not Let the New Iran Crisis Go to Waste

Thus, the Obama White House has brought more pressure to bear on Iran than any other administration in the past three decades. As a Nobel peace laureate, President Obama should do everything in his power to avoid another unnecessary war. If the president continues to substitute and not complement diplomacy with sanctions, he is further marching down the road towards the inevitable worst outcome.
Thus, the Obama White House has brought more pressure to bear on Iran than any other administration in the past three...
11 Oct 2011

Sanctions and scandal hit Iranian steel

Analysts warn that international sanctions are not the only reason for missing development plans and failing to attract investment. "Mismanagement is more to be blamed than sanctions when you see how slow the progress was even before the sanctions," says one steel market analyst, who asked not to be named.
Analysts warn that international sanctions are not the only reason for missing development plans and failing to attract...

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9 Oct 2011

Complex geopolitical relations between America and Iran

In theory, America and Iran are meant to be natural enemies, however, their relationship is very complex and sometimes both nations share a common vision in the realm of geopolitics. Yet to the outside world both nations do not trust each other and this is based on so-called tension and mutual loathing. However, do both nations really hate each other or are quotes taken out of context or do they have cultural meanings?
In theory, America and Iran are meant to be natural enemies, however, their relationship is very complex and sometimes...

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5 Oct 2011

EU moves towards further sanctions on Syria, Iran

The European Union is set next week to consider blacklisting the Syrian central bank as well as imposing sanctions against more Iranian individuals, according to sources on Wednesday familiar with the situation.
The European Union is set next week to consider blacklisting the Syrian central bank as well as imposing sanctions...

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8 Sep 2011

Economic Sanctions On Iran Haven’t Been Enough

Ten years after Sept. 11, the Islamic Republic of Iran constitutes the most serious threat to American national security, and its Islamic Revolutionary Guard Corps is the world's most deadly terrorist organization.
Ten years after Sept. 11, the Islamic Republic of Iran constitutes the most serious threat to American national...

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25 Aug 2011

JPMorgan fined for contravening Iran, Cuba sanctions

JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan, and the former Liberian government, the US Treasury Department announced Thursday.
JPMorgan Chase Bank has been fined $88.3 million for contravening US sanctions against regimes in Iran, Cuba and Sudan,...
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16 Aug 2011

Belarus company withdraws from Iran oil field -agency

The Belarusian national oil company Belarusneft is pulling out of developing Iran's Jofeir oilfield over differences with the state National Iranian Oil Co.(NIOC), the semi-official Mehr news agency reported on Tuesday.
The Belarusian national oil company Belarusneft is pulling out of developing Iran's Jofeir oilfield over differences...
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16 Aug 2011

Belarus company withdraws from Iran oil field -agency

The Belarusian national oil company Belarusneft is pulling out of developing Iran's Jofeir oilfield over differences with the state National Iranian Oil Co.(NIOC), the semi-official Mehr news agency reported on Tuesday.
The Belarusian national oil company Belarusneft is pulling out of developing Iran's Jofeir oilfield over differences...
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11 Aug 2011

US Senators urge sanctions on Iran finances

An overwhelming majority of the US Senate urged President Barack Obama on Tuesday to impose "crippling sanctions" on Iran's financial system in a bid to hinder its suspect nuclear programme.
An overwhelming majority of the US Senate urged President Barack Obama on Tuesday to impose "crippling sanctions" on...

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3 Aug 2011

The march toward a nuclear Iran

For years it was assumed that economic sanctions and diplomacy would produce a pliable negotiating partner in Iran. But Iran s truculence has effectively undermined the once-popular notion, while a degree of confusion and consternation has gripped the international community. The often-unstated hope is that denial of critical technologies and sabotage can slow the Islamic Republic s nuclear program until, somehow, an alternative strategy, or an agreement, emerges.
For years it was assumed that economic sanctions and diplomacy would produce a pliable negotiating partner in Iran. But...

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2 Aug 2011

Iran Makes Itself More Vulnerable to Outside Pressure

Tehran distributed a sixth installment of cash payments to 73 million Iranians in lieu of subsidies on fuel, natural gas, electricity, and essential items such as bread. Having done the easy part of its subsidy reform -- sending out checks to compensate for price increases -- the regime must now do the hard part: raise the money to pay for those checks and find a way to help businesses badly hit by the higher prices. Tehran should be able to meet that challenge as long as its oil income remains high, but if oil prices drop or sanctions impede financial flows, it could face serious problems.
Tehran distributed a sixth installment of cash payments to 73 million Iranians in lieu of subsidies on fuel, natural...

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2 Aug 2011

Iran Makes Itself More Vulnerable to Outside Pressure

Tehran distributed a sixth installment of cash payments to 73 million Iranians in lieu of subsidies on fuel, natural gas, electricity, and essential items such as bread. Having done the easy part of its subsidy reform -- sending out checks to compensate for price increases -- the regime must now do the hard part: raise the money to pay for those checks and find a way to help businesses badly hit by the higher prices. Tehran should be able to meet that challenge as long as its oil income remains high, but if oil prices drop or sanctions impede financial flows, it could face serious problems.
Tehran distributed a sixth installment of cash payments to 73 million Iranians in lieu of subsidies on fuel, natural...
1 Aug 2011

Why Ahmadinejad isn’t on his way out

There has been much dancing on the grave of Iranian President Mahmud Ahmadinejad. After his unnerving re-election two years ago in a disputed and bloody vote, Ahmadinejad's many critics abroad and at home have savored the thorough political beating he has suffered over the last few months by Iran's real power, Supreme Leader Ali Khamenei . Yet there are signs that Ahmadinejad is not a spent force just yet. This wily survivor is in the midst of renewing himself. His prime weapon has been a combination of oil supplicance and oil populism.
There has been much dancing on the grave of Iranian President Mahmud Ahmadinejad. After his unnerving re-election two...

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28 Jul 2011

Treasury Accuses Iran of Aiding Al Qaeda

The Treasury Department on Thursday accused Iranian authorities of aiding Al Qaeda and said it was imposing financial sanctions on six people believed to be Qaeda operatives in Iran, Kuwait, Qatar and Pakistan.
The Treasury Department on Thursday accused Iranian authorities of aiding Al Qaeda and said it was imposing financial...

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24 Jul 2011

China and Iran plan oil barter

Tehran and Beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as US financial sanctions have blocked China from paying at least $20bn for oil imports.
Tehran and Beijing are in talks about using a barter system to exchange Iranian oil for Chinese goods and services, as...

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21 Jul 2011

Sanctions aren’t slowing Iran’s nuclear progress

ACCORDING TO a recent story in The Post, the Obama administration is quietly toasting the success of international sanctions against Iran. The Islamic republic is having increasing difficulty arranging imports, including food, and the central bank is reportedly short of hard currency. Billions of dollars in foreign investment projects have been canceled, and few banks, insurance companies or shipping firms are willing to do business with Tehran.
ACCORDING TO a recent story in The Post, the Obama administration is quietly toasting the success of international...

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21 Jul 2011

Sanctions Spark Iran Currency Fluctuations

Over the past decade, Iran's central bank, which channels more than 90 per cent of hard currency into the local market, has employed a managed float system to support a single rate against hard currencies, notably the US dollar. Usually when the rial shows signs of weakening the bank pumps foreign currency into the market to bring rates down. But sometimes the authorities choose to weaken the national currency intentionally by withholding the supply of hard currency to earn more rial-denominated income when the government faces a budget deficit.
Over the past decade, Iran's central bank, which channels more than 90 per cent of hard currency into the local market,...

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15 Jul 2011

Iran sees trade booming despite sanctions

Iran expects to garner non-oil trade worth more than $45 billion during its current calendar year despite a plethora of international sanctions led by the United States, the United Nations and the European Union.
Iran expects to garner non-oil trade worth more than $45 billion during its current calendar year despite a plethora of...

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15 Jul 2011

Japanese Crane Manufacturer Cuts Ties With Iran

Japanese crane manufacturer Tadano has announced that it has ended business with the Iranian regime following reports that its cranes have been used to stage public executions in Iran.
Japanese crane manufacturer Tadano has announced that it has ended business with the Iranian regime following reports...

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14 Jul 2011

The Iranian Embassy in Canada Should be Shut Down!

On July 8th 2011 Canadian Foreign Affairs Minister John Baird announced that Canada together with the United Kingdom and the United States is increasing restrictions on the Iranian authorities to hold them accountable for their international human rights obligations.
On July 8th 2011 Canadian Foreign Affairs Minister John Baird announced that Canada together with the United Kingdom and...
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11 Jul 2011

In Iran, sanctions aim at shipping lifeline

On June 30, the Danish shipping giant Maersk startled Iran's trade officials by abruptly pulling out of the country's three largest ports. Company officials said little about the decision, but the timing was striking: A week earlier, the Obama administration had declared the ports operator to be an arm of Iran's Revolutionary Guard Corps, a group linked to terrorism and weapons trafficking.
On June 30, the Danish shipping giant Maersk startled Iran's trade officials by abruptly pulling out of the country's...
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7 Jul 2011

Three men accused of exporting nuclear technology to Iran

Three men were accused in an alleged conspiracy to illegally export nuclear technology to Iran, federal prosecutors said on Wednesday. The three suspects, a Los Angeles resident and two Iranians, violated trade sanctions imposed on Iran, according to the U.S. Attorney's Office.
Three men were accused in an alleged conspiracy to illegally export nuclear technology to Iran, federal prosecutors said...

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2 Jul 2011

Missile progress shows sanctions futile

Iran's defense minister claimed Saturday that the country's missile progress shows that U.N. sanctions are ineffective and won't stop Tehran's defense programs.
Iran's defense minister claimed Saturday that the country's missile progress shows that U.N. sanctions are ineffective...

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24 Jun 2011

Vitol to resume Caspian oil swaps with Iran

International trading house Vitol will resume Caspian oil swaps with Iran after a year-long suspension of operations, industry and trade sources said on Thursday. "Vitol is resuming Iranian swaps. I think there there's really good money in it," a Mediterranean trader told Reuters.
International trading house Vitol will resume Caspian oil swaps with Iran after a year-long suspension of operations,...

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10 Jun 2011

US hits Iranian security forces for rights abuses

The United States on Thursday hit Iran's police, Revolutionary Guard and the Basij militia with sanctions for "serious" rights abuses, ratcheting up pressure on the regime amid upheaval in the Islamic world.
The United States on Thursday hit Iran's police, Revolutionary Guard and the Basij militia with sanctions for "serious"...
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9 Jun 2011

Grounding Iranian Crude to a Halt

Through the Comprehensive Iran Sanction Accountability and Divestment Act (CISADA), passed in 2010, the United States Congress has taken strong measures to check Iran s ability to abuse the international banking sector and the refined energy space
Through the Comprehensive Iran Sanction Accountability and Divestment Act (CISADA), passed in 2010, the United States...

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8 Jun 2011

Obama New sanctions against Iran may be coming

President Barack Obama said on Tuesday the United States and its allies may slap more sanctions on Iran over its nuclear program, after Tehran vowed that no offer could halt its enrichment of uranium.
President Barack Obama said on Tuesday the United States and its allies may slap more sanctions on Iran over its nuclear...

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31 May 2011

Inquiry on Israeli boats in Iran port

An Israeli parliamentary committee will launch an investigation today into how a local shipping company blacklisted last week by the US State Department managed to trade with Iran in possible breach of Israeli law and international sanctions. According to the international shipping database Equasis, at least 13 ships owned by Israel's Ofer Group - owned by the colourful brothers Sammy and Yuli Ofer - have anchored in Iran over the past 10 years
An Israeli parliamentary committee will launch an investigation today into how a local shipping company blacklisted last...

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30 May 2011

More vigilance on Iran

There is a man-bites-dog quality to the imposition of American penalties on an Israeli conglomerate last week for allegedly selling an oil tanker to Iran. Bigger deals with Iran have been exposed, but what sets this apart is the Israeli connection. Since international sanctions target Iranian nuclear ambitions - which foremost constitute an existential danger to Israel - it s naturally unexpected and entirely more incongruous to find Israelis dealing with Iran than to find nationals of other countries.
There is a man-bites-dog quality to the imposition of American penalties on an Israeli conglomerate last week for...

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30 May 2011

German-based bank tied to Iran defies closure order

The Hamburg-based bank Europ isch- Iranische Handelsbank (EIH) defiantly announced on its website that it will not have to 'discontinue its operations.' According to a report in the German-language edition of the Financial Times on Thursday, EIH will mount a legal challenge to the European Union decision to sanction its operations because of its involvement in Iran s nuclear-proliferation program.
The Hamburg-based bank Europ isch- Iranische Handelsbank (EIH) defiantly announced on its website that it will not have...
27 May 2011

Iran’s Syria Strategy: Heavy Meddle

A top commander of the Quds Force of Iran's Islamic Revolutionary Guards Corps, Chizari was hit with sanctions last week by the Obama administration. Given his nationality, one might assume that he was sanctioned in relation to the Iranian regime's nuclear pursuits or its crackdown on dissidents. In fact, Chizari, the Quds Force Chief Qasem Soleimani, and the organization itself were targeted for abetting oppression somewhere else: Syria.
A top commander of the Quds Force of Iran's Islamic Revolutionary Guards Corps, Chizari was hit with sanctions last week...

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24 May 2011

EU sharply expands sanctions against Iran

The European Union significantly expanded its sanctions against Iran on Monday, reflecting mounting frustration over a lack of progress in nuclear talks with Tehran, EU diplomats said.
The European Union significantly expanded its sanctions against Iran on Monday, reflecting mounting frustration over a...

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17 May 2011

House goes first with new Iran sanctions bill

Both the House and Senate are preparing new legislation to increase pressure on Iran, but the House fired the opening salvo on Monday with a new bill authored by both heads of the Foreign Affairs Committee.
Both the House and Senate are preparing new legislation to increase pressure on Iran, but the House fired the opening...
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12 May 2011

Iran’s nuclear program still trying to overcome international sanctions

International sanctions are 'constraining' Iran's capacity to purchase supplies and equipment to develop nuclear and ballistic missile technology, but Tehran continues to actively seek way to overcome the measures, according to a new United Nations report.
International sanctions are 'constraining' Iran's capacity to purchase supplies and equipment to develop nuclear and...

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23 Apr 2011

US sanctions czar to press allies on Libya, Iran

US sanctions czar David Cohen will travel to France and Turkey next week, hoping to keep up international pressure on regimes in Iran and Libya, the Treasury Department said Friday.
US sanctions czar David Cohen will travel to France and Turkey next week, hoping to keep up international pressure on...
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31 Mar 2011

U.S. Presses Germany to Block Indian Payments to Iran

Despite public embarrassment and pressure from the United States, German officials appear to be at a loss for ways to prevent a bank in Germany from being used by India to pay for Iranian oil, money that U.S. officials say could help finance Iran s nuclear weapons program.
Despite public embarrassment and pressure from the United States, German officials appear to be at a loss for ways to...

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28 Mar 2011

Austria’s OMV ends Iran Air fuel contract

Oil and gas group OMV has not renewed a fuel supply contract with Iran's state airline because of international sanctions against the Islamic Republic, an Austrian newspaper reported. The move means Iran Air planes can no longer fill up at Vienna airport, the Wiener Zeitung reported in its weekend edition. The contract expired on March 23, it said.
Oil and gas group OMV has not renewed a fuel supply contract with Iran's state airline because of international...

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1 Mar 2011

EU considering sanctions against 80 Iranian officials

The European Union is considering imposing sanctions on 80 Iranian officials involved in human rights violations, the International Campaign for Human Rights reports. The list includes members of the police and paramilitary forces, prison officials, prosecutors, judges and other officials involved in violating human rights and allegations of torture and death of dissidents.
The European Union is considering imposing sanctions on 80 Iranian officials involved in human rights violations, the...

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22 Jan 2011

Senators accuse China of violating sanctions against Iran

Just before Chinese President Hu Jintao's arrival to Washington, two leading senators accused China of violating sanctions against Iran and sent a warning to President Barack Obama that Congress will go after Chinese companies if the abuses don't stop.
Just before Chinese President Hu Jintao's arrival to Washington, two leading senators accused China of violating...
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