Iran sanctions

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US Destroyer Collides With Tanker in Gulf

USS Porter still operating under own power, damage being assessed

(Newser) - The US Navy says one of its guided-missile destroyers collided with an oil tanker early today but that no one was injured in the accident. The collision involving the USS Porter and the Panamanian-flagged bulk oil tanker M/V Otowasan occurred at approximately 1am local time, the US Navy said in...

Feds Fume Over NY Attack on British Bank

Treasury Department, Fed pretty peeved over the move

(Newser) - Standard Chartered wasn't the only one caught off-guard by Monday's accusations from the New York Department of Financial Services that the bank had gone "rogue" and helped Iran hide $250 million in transactions. The Treasury Department and Federal Reserve were just as stunned by the charges, along...

British Bank Did Iran's Dirty Work: NY Regulators

Standard Chartered accused of helping Tehran hide $250B in transactions

(Newser) - Move over, HSBC : A new British bank is in the crosshairs thanks to its relations with Iran. New York banking regulators today accused Standard Chartered Bank of helping Tehran hide some $250 billion in transactions between 2001 and 2010, and pocketing hundreds of millions in bank fees in the process....

Iran-Linked Firm Paid Top Obama Aide $100K

Subsidiary of telecom firm MTN hired Plouffe for speeches

(Newser) - A potential embarrassment for Obama 2012: The guy who ran Obama 2008 was paid $100,000 for two speeches he made to a subsidiary of a telecom firm that does business with the Iranian regime, reports the Washington Post . David Plouffe, Obama's 2008 campaign manager and now a senior...

Iran Warns Against Filming ... Chickens

With prices soaring, images of plenty could provoke poor, it says

(Newser) - There's a new way to run afoul of the government in Iran: by filming chickens. With food lines lengthening and prices soaring due to international sanctions, Iran's leaders are warning filmmakers and broadcasters not to show people enticing things they might not be able to afford—because doing...

Sanctions Take a Toll on Plane Safety in Iran

With lives at risk, many ask for airline exemption to embargo

(Newser) - Iranian smugglers might be skilled at sneaking Apple gizmos into their heavily embargoed country, but unfortunately Iran's airline industry hasn't had such luck getting the parts it desperately needs, reports the New York Times . After 17 years of US sanctions, Iranian planes are getting so worn and run...

Banned Apple Gadgets Are Huge in Iran

Vendors sell to big banks, media firms

(Newser) - US sanctions ban Apple products from making their way to Iran shops—but with sales of the devices and software booming, merchants are obviously paying little heed. Some 100 shops in Tehran sell Apple items obtained through secret trade routes, Reuters reports, and Iranians are skirting rules and hiding their...

If Iran Shuts Strait of Hormuz, Saudis Have Plan B

It reopens old pipeline that cuts across country

(Newser) - Iran is making noises about shutting the crucial Strait of Hormuz in retaliation for sanctions, and Saudi Arabia is getting ready just in case. If it can't ship its crude through the Gulf, it plans to use an old pipeline that cuts across the country to the Red Sea,...

Failed Nuke Talks Mean Tough Iran Sanctions a Go

EU's potentially crippling oil embargo to start July 1

(Newser) - Little progress was made in the West's latest round of nuclear talks with Iran—and in the absence of a new agreement, new sanctions are due to take hold in less than two weeks. On June 28, the US will instate sanctions on companies working with Iran's central...

Sanctions, Not Bombs, Will Break Iran
 Sanctions, 
 Not Bombs, 
 Will Break Iran 
Nicholas Kristof
Jun 17, 2012 9:53 AM CDT

Sanctions, Not Bombs, Will Break Iran

Nationalist backlash to attack would keep regime in power for years

(Newser) - International sanctions are biting hard into Iran's significant and growing middle class, but for the most part people are blaming their government for the hardship, not the United States. Which is why it is so important that the United States concentrate on sanctions and not bomb Iran—a military...

Iran Trying to Hide Its Massive Oil Tankers

...by turning off ships' GPS

(Newser) - Oil sanctions are posing a growing problem for Iran, prompting officials to resort to some odd—and illegal—tactics. Struggling to find buyers, the country has been storing oil on tankers whose satellite systems have been turned off since early last month, thus breaking maritime rules, the Washington Post reports....

Clinton to India: Back Off the Iran Oil

Secretary on 3-day visit seeking more support for oil sanctions

(Newser) - Hoping to wean India from Iranian oil imports, Hillary Clinton is urging Indian leaders to explore alternative suppliers as she opens a three-day visit to the energy-starved South Asian giant. Clinton arrived in the eastern city of Kolkata today as officials traveling with her said the Iranian oil imports would...

Could Iran Be Brought to Its Knees by ... Insurance?

European insurance sanction will be the toughest to dodge, Reuters says

(Newser) - Could the decisive blow in the West's struggle with Iran involve insurance salesmen? An upcoming European ban on providing maritime insurance for Iran's oil tankers may be the most vexing sanction Tehran has ever faced, experts tell Reuters . That's because 90% of the world's tanker insurance...

Ayatollah Praises Obama Peace Remarks

But he's not happy about threat of more Iran sanctions

(Newser) - Iran's supreme religious leader had some rare words of praise for the US yesterday. Ayatollah Ali Khamenei said he welcomed President Obama's efforts to cool down "casual" talk of war with Iran , reports the Christian Science Monitor . "This talk is good talk, and shows an exit...

Netanyahu to Obama: No Iran Hit Planned. Yet.

Iran has Israel, US in strained relationship

(Newser) - The US and Israel still don't quite see eye to eye on Iran, but Benjamin Netanyahu's visit to the White House yesterday managed to reassure both sides. American officials emerged saying President Obama's tougher rhetoric had eased pressure on Israel to attack, the Wall Street Journal reports....

Iran Tensions Could Mean $5 Gas

Recent posturing has already sent price up 20%

(Newser) - Going to war with Iran would be an expensive proposition for America's drivers. Tensions over the country's nuclear ambitions have already pushed crude oil prices up 20% to a record winter high, energy experts tell the New York Times . That's translated to an average $3.73 per...

Iranian Warships Sail From Syria

Their presence had raised tensions there

(Newser) - A pair of Iranian warships that had been docked in Syria departed today, after a visit that seemed designed to show support for Bashar al-Assad's regime. The ships arrived Saturday, officially to provide maritime training to Syria, according to Iran's state-run TV. But their presence, along with that...

Iran Cuts Oil to UK, France
 Iran Cuts Oil to UK, France 
Feb 19, 2012 10:03 AM CST

Iran Cuts Oil to UK, France

Oil ministry issues ultimatums to European refineries to sign long-term contracts

(Newser) - Iran has halted oil shipments to Britain and France, the Oil Ministry said today, in an apparent pre-emptive blow against the European Union's sanctions on Iran's oil exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets...

Iran Touts Its 'Key' Nuclear Achievements

Ahmadinejad expected to show off new facilities later today

(Newser) - Iran today decided it was time to reveal its "key" nuclear achievements, with state TV touting new uranium enrichment centrifuges and reactor fuel made domestically. The Telegraph reports that President Mahmoud Ahmadinejad will verify the news later today, in a move intended to "demonstrate the scientific capabilities of...

Iran Cuts Off Oil Exports to 6 EU Countries

Move comes in response to sanctions

(Newser) - Iran is having quite the day: In addition to trumpeting its recent nuclear achievements, it also thumbed its nose at EU sanctions "against Iran's energy and banking sectors" by cutting off oil exports to six European countries. The Netherlands, Spain, Italy, France, Greece, and Portugal are the affected...

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