Sasol to avoid Iran’s oil

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Wall Street Journal: South Africa’s Sasol Ltd. said it is trying to diversify away from Iranian oil as sanctions from the U.S. and Europe increase pressure on those doing business with Tehran, The Wall Street Journal reported.

BP says Shah Deniz gas field to stay exempt from Iran sanctions

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Bloomberg: BP Plc (BP/) believes its Shah Deniz natural-gas field off the coast of Azerbaijan will remain exempted from U.S. and European Union sanctions on Iran.

Iran considers preemptive ban of oil sales to Europe, Mehr says

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Bloomberg: Iranian lawmakers are drafting a bill that would call for a halt of Iran’s oil exports to Europe even before July when a European Union ban on Iranian crude is to start, the state-run Mehr news agency said.

Pattern of intimidation is seen in arrests of Iranian journalists and bloggers

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New York Times: The judicial authorities in Iran have arrested at least half a dozen journalists and bloggers over the past few weeks, according to their acquaintances, opposition Web sites and rights groups. The moves appear to be part of a pre-emptive campaign of intimidation to thwart protests surrounding the parliamentary elections that are scheduled to be held in early March.

Iran says sanctions to fail, repeats Hormuz threat

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Reuters: Iranian politicians said on Tuesday they expected the European Union to backtrack on its oil embargo and repeated a threat to close the vital Strait of Hormuz shipping lane if the West succeeds in preventing Tehran from exporting crude.

UN chief Ban: Tone down rhetoric in Iran dispute

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Reuters:  U.N. Secretary-General Ban Ki-moon on Wednesday appealed to all sides in the dispute over Iran’s nuclear program to reduce tensions and urged Tehran not to follow through on threats to close a key shipping lane.

Obama: No options off table on Iran nuclear program

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Reuters: President Barack Obama warned Iran on Tuesday the United States would keep up pressure on its disputed nuclear program with “no options off the table” but said the door remained open to talks for a peaceful resolution.

Britain not seeking military conflict with Iran: Hague

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AFP: Britain is neither planning nor advocating military action against Iran over its nuclear programme or its threat to close the Strait of Hormuz, Foreign Secretary William Hague insisted Tuesday.

Sanctions against Iran grow tighter, but what’s the next step?

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New York Times: As the Obama administration and its European allies toughened economic sanctions against Iran on Monday — blocking its access to the world financial system and undermining its critical oil and gas industry — officials on both sides of the Atlantic acknowledge that their last-ditch effort has only a limited chance of persuading Tehran to abandon what the West fears is its pursuit of nuclear weapons.

Iranian adviser accuses Brazil of ruining relations

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New York Times: Iran’s efforts to cultivate political support in Latin America at a time of rising international tension over its nuclear program appear to have encountered a significant obstacle: Brazil, the region’s economic powerhouse.