Insider news & Analysis in Iran

Tuesday, 04 June 2013

WASHINGTON (AFP) - The United States has unveiled aggressive new sanctions against Iran, directly targeting the rial currency for the first time and also the auto sector, a key source of jobs and revenue.

The measures, which could wreak more economic deprivation inside Iran, came days before a presidential election in the country and followed Teheran's refusal to cede ground in stalled world power talks on its nuclear programme.

They were accompanied by new US warnings of a "painful" and "powerful" escalation of the sanctions regime, as President Barack Obama seeks to convince the Islamic Republic the price of uranium enrichment is too high.

"The steps taken today are part of President Obama's commitment to prevent Iran from acquiring a nuclear weapon, by raising the cost of Iran's defiance of the international community," White House spokesman Jay Carney said on Monday.

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CBC- Foreign Affairs Minister John Baird has announced new sanctions against Iran, including a total ban on imports and exports.
Canada continues to have grave and sincere concerns over Iran's nuclear program and their abhorrent human rights records and their continued support for international terrorism around the world," Foreign Affairs Minister John Baird said Wednesday when he announced the measures in the foyer of the House of Commons.

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INU - A number of Iron dealers in Tehran have closed down their stores and gone on strike in protest at following the fall of value of Iranian currency, according to the reports received from Iran.

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INU- Former president of the Iranian regime, Ali Akbar Rafsanjani who has spoken out for the first time since he was barred from standing for re-election to reveal to full extent of the regime's crippling financial crisis.

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INU- The latest figures on unemployment and mounting factory closures across Iran have revealed more evidence of the regime's collapsing economy.
There are currently more than 8,000 medical GPs out of work and 10,500 not even registered in the system, the president of Medical Council of Iran told the Sharq newspaper on May 15.

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The Hill - Sen. James Inhofe (R-Okla.) will introduce legislation Wednesday calling for increased drilling on U.S. federal lands to displace Iranian oil on the world market, according to a copy of the bill obtained by The Hill.
The bill requires the president to establish enough “Iranian Oil Replacement Zones” on federal lands to produce 1.25 million barrels of oil per day — approximately the amount Iran exports every day.

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