Reuters: South Korea will buy around 10 percent of its crude from Iran in 2012, up slightly from last year, as the country seeks a waiver from toughened U.S. sanctions that could disrupt Iranian oil shipments.
S.Korea buys more Iran oil but eyes alternatives
Turkish foreign minister to visit Iran
AP: Officials say Turkish Foreign Minister Ahmet Davutoglu will visit Iran for talks on the country’s nuclear program and developments in Iraq and Syria.
Republican senator queries Obama on Iran sanctions
Reuters: A Republican senator on Tuesday questioned President Barack Obama’s commitment to new sanctions on Iran’s central bank, noting the president had claimed the right to sidestep some of the requirements when he signed them into law last week.
US to Iran: American warships to remain in Gulf
AP: The Obama administration on Tuesday brushed aside Iran’s warning to keep U.S. aircraft carriers out of the Gulf, dismissing its threats as a consequence of hard-hitting American sanctions on the Iranian economy.
Iran grapples with currency market turmoil
AFP: Iran’s currency market was in turmoil Wednesday as the central bank imposed draconian measures to try to shore up its beleaguered rial in the face of existing and looming Western sanctions.
Exclusive: In major blow, EU agrees embargo on Iranian crude
Reuters: European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said Wednesday, dealing a potentially heavy blow to Tehran that crowns new Western economic sanctions imposing real pain just months before an Iranian election.
Mass. pension fund divests of companies with Iran ties
Reuters: The Massachusetts public employees pension fund has divested all of its stakes in companies with major ties to Iran’s energy industry, joining a campaign to pressure the country to stop developing nuclear weapons, state Treasurer Steve Grossman said on Tuesday.
Iran’s currency slumps 12% as sanctions bite
AFP: Iran’s currency, the rial, slumped 12 percent in street trading Monday, accelerating a slide triggered on the weekend when the United States activated new sanctions over Tehran’s nuclear drive.
Kuwait protests at Iran step to develop gas field
Reuters: Kuwait protested on Tuesday against Iran’s intention to unilaterally develop a disputed offshore gas field in the Gulf unless an agreement is reached, Kuwait’s state news agency KUNA reported.
Iran threatens action if U.S. carrier returns: IRNA
Reuters: Iran will take action if a U.S. aircraft carrier which left the area because of Iranian naval exercises returns to the Gulf, the state news agency quoted army chief Ataollah Salehi as saying on Tuesday.


