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Major powers consider new U.N. Iran sanctions: U.S.

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ImageReuters: Major powers agreed to consider a fourth U.N. Security Council sanctions resolution against Iran because of its refusal to freeze sensitive nuclear work, the U.S. State Department said on Wednesday.

Nations weighing new Iran sanctions: US official

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ImageAP: The five permanent members of the U.N. Security Council and Germany agreed Wednesday to begin considering new sanctions on Iran after it failed to accept an incentives package meant to defuse the dispute over its nuclear program, a U.S. official said.

Merkel calls for firms’ restraint in Iran deals

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ImageReuters: Chancellor Angela Merkel on Wednesday called on German firms to show some sensitivity in their dealings with Iran, following Israel's criticism of a German company's gas plant deal.

US seeks ‘punitive’ measures against Iran

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ImageAFP: The United States on Wednesday called for "punitive" measures against Iran over its reponse to the international offer to persuade it to freeze its nuclear programme.

Powers agree to seek new Iran sanctions: UK

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ImageReuters: Major powers have agreed to seek new sanctions against Iran over its disputed nuclear programme, but informal contact between the European Union and Iran will go on, Britain said on Wednesday.

Winter demand should absorb excess oil supply: Iran

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ImageReuters: The global oil market is oversupplied but stronger winter demand should absorb the extra barrels later in the year, Iran's OPEC Governor said on Wednesday.

Iran gearing up for confrontation

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ImageIran Focus: Tehran, Iran, Aug. 06 – Recent comments by senior officials in Tehran show a hardening of Iran’s attitude in the face of domestic and international pressures, according to some Iran analysts.

Iran gearing up for confrontation

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ImageIran Focus: Tehran, Iran, Aug. 06 – Recent comments by senior officials in Tehran show a hardening of Iran’s attitude in the face of domestic and international pressures, according to some Iran analysts.

Kuwait FM blasts Iran threat to shut Gulf strait

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ImageAP: Kuwait's foreign minister says Iran's renewed threats to close the strategic Strait of Hormuz in the Persian Gulf amount to a "punishment" of its Arab neighbors.

Iran: Letter on nuclear program

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ImageNew York Times: The Bush administration said Tuesday that Iran’s response to an offer of incentives by six world powers seeking to rein in Tehran’s nuclear ambitions was unacceptable, and American and European officials said their next step would be to go back to the United Nations Security Council to seek additional punitive sanctions.