Bloomberg: Iran has discovered its first oilfield in the Caspian Sea for more than a century, the state-run Fars news agency reported today.
Iran finds first Caspian Sea oilfield in 104 years, Fars reports
Iran finance minister: ‘Rest assured’ record oil prices over nuclear sanctions
CNN: Iran’s finance minister believes oil prices could rise as high as $160 a barrel thanks to sanctions over its nuclear program, a prediction that comes just as the chief of the United Nations nuclear watchdog agency headed to Tehran on Sunday for high-level talks.
Will Iran take the next step?
New York Times: The international community has not had much success trying to curb Iran’s nuclear ambitions. For years, it was split on how much pressure to apply, and Tehran deftly exploited that division.
Iran welcomes visit by U.N. official
UPI: A visit by the head of the U.N. nuclear watchdog to Tehran is a chance to reset negotiations over Iran’s nuclear program, an official said Saturday.
General: Allies on ‘best path’ with Iran
Chicago Tribune: The United States is ready to respond to an escalation in tensions with Iran but will continue working with its allies on an approach that includes military preparedness and economic sanctions, the chairman of the Joint Chiefs of Staff told the Tribune on Friday.
Iran, Syria among top for G-8 and NATO
Associated Press: President Barack Obama and leaders of other major industrial powers grappled Friday with options to solidify world resolve against development of an Iranian nuclear bomb and encourage a more forceful response to worsening violence in Syria.
US lawmakers approve use of force as Iran option
AFP: The Republican-led House of Representatives approved Friday the use of US force against Iran if the Tehran regime threatens the United States and its allies with nuclear weapons.
Poll: Opposition to Iran going nuclear widespread
AP: Opposition to Iran obtaining nuclear weapons is widespread around the world, including in neighboring countries Egypt, Jordan and Turkey, and support for tough economic sanctions is high, according to poll released Friday.
Obama, G8 may remind Iran of their own “oil weapon”
Reuters: Late last year, Iran issued a series of not-so veiled threats to the West, suggesting it could use its “oil weapon” to show displeasure over toughening sanctions by halting exports or disrupting the Strait of Hormuz.
Iran sanctions delay seen by Gibson hurting rates for tankers
Bloomberg: E.A. Gibson Shipbrokers Ltd. comments today in an e-mailed report on how the market for very large crude carriers hauling 2 million-barrel cargoes of oil will react to sanctions against Iran.
