Insider news & Analysis in Iran

By INU Staff
INU - In the midst of South Korean President Park Geun-hye’s visit to Tehran, the Iranian government announced that its oil exports to the Asian country had increased four-fold between January and April, to 400,000 barrels per day. Such figures serve to suggest that the two countries joint goal of increasing overall trade and tourism to about 18 billion dollars per year may be realistic. This target represents about three times the current level of trade, which has been held down by South Korea’s compliance with economic sanctions led by its longstanding ally the United States.

By INU Staff
INU - On Thursday, Senator Tom Cotton appeared on MSNBC’s “Morning Joe” to discuss his reaction to last week’s announcement that the Department of Energy would be purchasing 32 tons of Iran’s heavy water, associated with the production of plutonium, at a price of 8.6 million dollars. During the brief interview, Cotton repeatedly described the plan as using taxpayer money to “directly subsidize the Iranian nuclear program.”

By INU Staff
INU - Last week, the US Supreme Court upheld a lower court’s ruling that domestic judgements against the Islamic Republic of Iran for its sponsorship of international terrorism could be recouped from Iranian assets frozen in US banks. The ruling has since become a clear source of anti-American rhetoric, coming not only from recognized hardliners but also from key figures in the administration of Iranian President Hassan Rouhani, who have been regarded as moderates by some Western policymakers.

By INU Staff
INU - On Wednesday, the Associated Press reported that the US Supreme Court had upheld a two-year old judgment by a lower court, which determined that the victims of Iran-backed terrorist incidents, or their next of kin, could access some two billion dollars or Iran’s assets frozen in US banks, in order to pay damages that Iran refused to pay on its own.

By INU Staff
INU - On Tuesday, Italian Prime Minister Matteo Renzi began a two-day visit to Tehran, where he was set to meet with Iranian President Hassan Rouhani, other officials, and representatives of Iranian business interests. The Associated Press pointed out that it was the first such visit by an Italian head of state since 2001. That previous visit preceded the imposition of US-led sanctions on the Iranian nuclear program, which were suspended in January in accordance with the Joint Comprehensive Plan of Action, agreed upon by Iran and the five permanent members of the UN Security Council plus Germany.

By INU Staff
INU - According to Iranian Foreign Ministry spokesperson Hossein Jaber Ansari, a long-delayed contract for the delivery of an advanced missile defense system had finally begun to be implemented between Russia and Iran. Fox News reported upon his claims on Monday.


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