Reuters: The volume of Iranian crude oil stored at sea has risen to as much as 8 million barrels and is likely to increase further as the Islamic Republic struggles with sanctions and a seasonal refinery slowdown, shipping sources say.
Iran stores more oil at sea as trade pressure grows
Turkey holds trucks taking suspect Iranian cargo to Syria
Reuters: Turkish customs officials intercepted four trucks on Tuesday suspected of carrying military equipment from Iran to Syria, a Turkish provincial governor.
US rescues six more Iranians despite tensions
AFP: A US ship on Tuesday rescued six Iranian mariners in the Gulf after their boat broke down, the Pentagon said, in the latest such gesture despite soaring tensions between Washington and Tehran.
Britain condemns ‘provocative’ new Iran nuclear site
AFP: British Foreign Secretary William Hague condemned the revelation Monday that Iran had started enriching uranium at a new site in a deep mountain bunker, calling it a “provocative act”.
Ayatollah vows Iran will resist Western sanctions
AFP: Iran will not falter in the face of Western-imposed sanctions, the country’s supreme leader Ayatollah Ali Khamenei said it comments broadcast on state television on Monday.
Iran strait “keeps me awake at night”-US Navy boss
Reuters: The chief of the U.S. Navy acknowledged on Tuesday that preparing for a potential conflict in the Strait of Hormuz is the kind of thing he loses sleep over.
US again calls on Iran to cease enrichment work
AFP: US Secretary of State Hillary Clinton said Tuesday there was “no plausible justification” for Iran’s production of enriched uranium at a new site, again calling on Tehran to cease all such work.
US condemns Iranian death sentence for American
AP: The Obama administration flatly rejected Monday that a young Iranian-American man used a family trip to Iran as cover for espionage, after Iran issued the first death penalty against a U.S. citizen since the Islamic Revolution 33 years ago.
Iran to sign $7.6 bln gas deal with local company, Times says
Bloomberg: The Iranian Offshore Oil Co. will award a contract valued at 6 billion euros ($7.6 billion) to a domestic Iranian company, to develop the Forouz B natural gas field, the Tehran Times reported.
Geithner in Beijing faces uphill struggle on Iran
AP: U.S. Treasury Secretary Timothy Geithner is visiting Beijing this week looking for support for U.S. sanctions on Iran’s oil industry — but he is likely to be disappointed.
