Obama threatens to veto Iran sanctions bill

Source:FOX NEWS

President Obama, joined by British Prime Minister David Cameron, sharply warned Congress Friday not to pursue new sanctions on Iran — saying they could derail the effort to strike a deal barring the country from getting a nuclear weapon.

U.S. senators will push ahead with Iran sanctions bill

WASHINGTON (Reuters) – The sponsors of a bill to impose new sanctions on Iran if there is no agreement on its nuclear program by July said on Friday they would push ahead with the legislation, despite warnings that it could torpedo international negotiations.

Sanctions on Iran: Nuclear program in focus

The chairman of the Senate Foreign Relations Committee announced on Wednesday that both Republican and Democratic U.S. lawmakers will press ahead with a plan for more sanctions on Iran, despite White House warnings that they risked disrupting nuclear talks. Their plan is to reintroduce legislation with a stand on Iran’s nuclear program, one that would be much stricter than before and would have the country under close enquiry.

Oil prices retreat again as Iraq schedules record exports

Reuters – Oil prices resumed their move downwards on Thursday, as Iraq planned a further jump in exports for February, with both Brent and U.S. crude oil dropping around $1 toward near six-year lows, and almost wiping out gains made the previous day.

Iraq paid $10 billion for rusty Iranian arms

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Source:AL ARABIYA

By: Abdulrahman-Rashed

A recent Associated Press report spoke of Iran’s increased domination over Iraq under the cover of supporting it against the Islamic State of Iraq and Syria (ISIS) organization. According to the report’s sources, the Iranians have sold Iraq nearly $10 billion worth of weapons to confront terrorism. These weapons include Kalashnikovs, rocket launchers and ammunition and the value of this weaponry may not even exceed $50 million!

Sen. Tom Cotton: Congress Will Vote on Iran Nuclear Deal

Source: New Smax

Arkansas Sen. Tom Cotton said Tuesday that Congress will vote on any agreement President Barack Obama makes on Iran’s nuclear program, the Washington Free Beacon reported.

Ex-Marine Says Iranians Want a Swap to Free Him

Source: The New York Times

The Michigan family of a former Marine incarcerated for more than three years in Iran has been receiving telephone calls and emails from that country proposing prisoner swaps for Iranians held in the United States, he said in a letter to Iran’s president made public by his relatives on Tuesday.

Ted Cruz faults Obama: He ‘encourages radical Islamic terrorists’

Source: The Washington Times

Sen. Ted Cruz didn’t pull punches at a recent speech before the Heritage Foundation, telling conference listeners that President Obama’s foreign policy failures had a lot to do with the fueling of radical Islamism and that his leadership skills were actually proving dangerous.

Iran runs out of money for 2,700 infrastructure schemes

Source: GCR

Work on some 2,700 infrastructure projects in the Islamic Republic of Iran has been halted as a result of funding shortfall caused by the collapse in the price of oil.

Oil Prices Fall to Lowest Since 2009

Source: The New York Times

HOUSTON — Oil prices took another sharp turn downward on Monday to levels not seen since the depths of the 2009 recession. Several international banks predicted even lower prices later this year because of an oversupplied global crude market.