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Iran sanctions

US Congress Moves Toward Full Trade Embargo on Iran

By Jim Lobe | IPS | 24 May 2013

The U.S. Congress moved closer here Wednesday to imposing a full trade embargo against Iran and pledged its support to Israel if it felt compelled to attack Tehran’s nuclear program in self-defense.

The Senate voted 99-0 to adopt a resolution that urged President Barack Obama to fully enforce existing economic sanctions against Iran and to “provide diplomatic, military and economic support” to Israel “in its defense of its territory, people and existence”.

Iran to limit imports amid West sanctions

Source : Agencies | 15 Oct 2012

Iran said it would seek to cut imports of non-essential goods and urged its citizens to reduce their use of foreign-made mobile telephones and cars, as the country struggles to cope with Western economic sanctions.

The policies suggest the government is moving the economy onto an austerity footing to resist the sanctions, which have been imposed over Iran and have slashed its income from oil exports this year.

Khamenei says sanctions won’t alter Iran’s policies

Source : AP | Tehran | 26 Jul 2012

Western-led sanctions and diplomatic pressure will not force Iran to halt its nuclear program, Iran’s Supreme Leader said yesterday.

Ayatollah Ali Khamenei, who has the final say on all state matters in Iran, voiced confidence that the Islamic Republic can beat the latest punitive measures aimed at blocking the country’s vital oil and banking industries over the disputed program.

Iran defiant over EU curbs

Source : Arab News | 01 Jul 2012

The White House praised the European Union for prohibiting Iranian crude oil imports into the 27-nation-bloc yesterday and said Tehran had an opportunity in talks this week to make progress on international concerns about its nuclear program.

US exempts 11 states from Iran sanctions; China, India exposed

By Arshad Mohammed & Andrew Quinn | Reuters | 21 Mar 2012

The United States exempted Japan and 10 EU nations from financial sanctions because they have significantly cut purchases of Iranian oil, but left Iran’s top customers China and India exposed to the possibility of such steps.

Iran won’t move toward nuclear weapon in 2012: ISIS report

By Tabassum Zakaria and Mark Hosenball | Reuters | 26 Jan 2012

Iran is unlikely to move toward building a nuclear weapon this year because it does not yet have the capability to produce enough weapon-grade uranium, a draft report by the Institute for Science and International Security said on Wednesday.

The Iranian oil embargo: does this mean war?

By Julian Borger : The Guardian/UK | 23 Jan 2012

The decision to impose an EU oil embargo on Iran, agreed on Monday by European foreign ministers, sets a potential bomb ticking, timed to detonate on 1 July.

On that day, according to the package of measures on the table in Brussels, Europe will stop importing oil from Iran, about a fifth of the country's total exports. At about the same time, US sanctions targeted at the global financing of Iran's oil trade will also kick in. Iran could still export some of its oil to Asia, but at big discounts.

EU formally adopts Iran oil embargo

By Don Melvin | AP | Brussels | 23 Jan 2013

The European Union formally adopted an oil embargo against Iran on Monday and froze the assets of Iran’s central bank, part of sanctions to pressure Tehran into resuming talks on its controversial nuclear program.

Diplomats said the measures, approved in Brussels by the EU’s 27 foreign ministers, include an immediate embargo on new contracts for crude oil and petroleum products. Existing contracts with Iran will be allowed to run until July.

Chinese PM defends Iran oil, warns on nuclear aims

By Chris Buckley | Reuters | Beijing | 20 Jan 2012

Chinese Premier Wen Jiabao defended his country’s extensive oil imports from Iran against Western pressure to consider sanctions in comments published on Thursday, and yet forthrightly warned Tehran against any effort to acquire nuclear weapons.

Iran warns region against "dangerous" stance on Hormuz

By Ibon Villelabeitia : Reuters | Ankara | 19 Jan 2012

Iran's foreign minister warned Arab neighbors on Thursday not to put themselves in a "dangerous position" by aligning themselves too closely with the United States in the escalating dispute over Tehran's nuclear activity.

Iran has threatened to close the Strait of Hormuz, used for a third of the world's seaborne oil trade, if pending Western moves to ban Iranian crude exports cripple its lifeblood energy sector, fanning fears of a descent into wider Middle East war.

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