Bloomberg: Iran’s government may have to abandon efforts to rein in inflation by forbidding producers to increase prices, the Jomhouri Eslami newspaper reported.
Iran government unable to halt soaring costs, Jomhouri says
Japan, China to import Iran oil after EU ban
Reuters: At least two of Asia’s four top buyers of Iranian crude will keep imports flowing, though at overall reduced rates, as they find ways around an EU ban on insuring tankers carrying the Islamic country’s oil.
Iranian car parts imports drop to $254 million, Shargh reports
Bloomberg: Iran’s imports of automobile parts decreased by 47.8 percent to $254 million in the first two months of the current Iranian year compared with the same period last year, Shargh reported.
Iran: World needs our natural gas
UPI: The international community can’t ensure basic energy security by shoving Iran out of the market, the country’s deputy oil minister said.
EU: Iran nuke meeting to continue on lower level
AP: High-level nuclear talks between Iran and six world powers fizzled Tuesday, creating increased opportunity for Israel to use the setback to argue military force is the only way to stop Tehran from developing atomic arms.
US, Israel made Flame virus to thwart Iran: report
AFP: The United States and Israel collaborated to create the Flame computer virus as part of an effort to slow Iran’s suspected nuclear weapons drive, The Washington Post reported Tuesday.
World powers refuse to budge on Iran sanctions: US
AFP: World powers stuck firmly to their demands on Iran during two tough days of talks in Moscow, refusing to budge on Tehran’s attempt to have various sanctions lifted, a senior US official said Tuesday.
Brent crude dips as Iran, West plan July talks
Reuters: Brent crude edged lower on Tuesday on relief that negotiations to defuse the dispute over Iran’s nuclear program led to plans for technical talks in July, while hopes for more monetary stimulus from the Federal Reserve helped lift U.S. crude.
France says sanctions on Iran will be stepped up
Reuters: France said on Tuesday it would continue to strengthen sanctions against Iran after negotiations in Moscow over its nuclear programme ended without progress.
Iran president visits Bolivia
AFP: Iran President Mahmoud Ahmadinejad arrived in Bolivia for a brief visit with President Evo Morales Tuesday, before continuing on to Brazil for the UN summit on sustainable development.


