Iran Focus: Tehran, Iran, Aug. 12 – Iran may drastically reform its currency by removing three zeroes off the Rial to combat the inflation rate which currently stands at more than 26 percent.
Inflation-plagued Iran may alter currency
Inflation-plagued Iran may alter currency
Iran Focus: Tehran, Iran, Aug. 12 – Iran may drastically reform its currency by removing three zeroes off the Rial to combat the inflation rate which currently stands at more than 26 percent.
Next U.S. commander in Iraq cautious on troop cuts
New York Times: As he prepares to become the senior American commander in Iraq, Lt. Gen. Raymond T. Odierno said Monday that over the next year he hoped to recommend significant reductions in the number of American troops stationed there. He acknowledged, however, that political developments — like the recent delay in scheduling regional elections — would influence the troop reductions as much as the level of attacks.
Russian offensive imperils U.S. aims on Iran, energy
Bloomberg: Russia's widening military campaign in Georgia may end up threatening the U.S. strategic aims of preventing Iran from building a nuclear bomb and securing Central Asian energy supplies for Europe.
We’re no friends of Israelis: Iran parliament speaker
AFP: Iranian parliament speaker Ali Larijani said on Monday Iran is no friends of the Israelis, reacting to remarks to the contrary by an aide of President Mahmoud Ahmadinejad, the Fars news agency reported.
Iran and EU in new nuclear contact but no change
Reuters: Iran's chief atomic negotiator and the man representing six world powers discussed Tehran's nuclear programme in telephone talks on Monday but an EU official said there was no change in the dispute.
Oil vulnerable as OPEC supply cushion thins: Iran
Reuters: Rising OPEC output has cut the group's spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran's OPEC governor said on Sunday.
Iran unmoved on nuclear stance in face of sanctions
Reuters: Iran will not back down on its nuclear stance despite the threat of tighter sanctions, Iranian media quoted a government spokesman as saying on Sunday.
Iran could face action over no-show at swimming
AFP: Iran could face action from the IOC if it deliberately pulled out of the Olympic men's 100m breaststroke heats because an Israeli was also racing, Olympic officials said Sunday.
Iran says it’s ready to ‘confront’ new sanctions
AP: Iran's official news agency is quoting a government spokesman as saying the country is "ready to confront sanctions" over its disputed nuclear program.
