Reuters: Iran dismissed a European Union oil embargo which took effect on Sunday and said it was fully prepared to counter the impact of sanctions with a $150 billion war chest of foreign reserves.
Iran pledges to counter “malicious” oil embargo
Britain urges Iran to cooperate with world powers
AFP: Britain on Sunday urged Iran to cooperate with the international community after the EU slapped an oil embargo on Tehran designed to turn up the heat on the regime.
Report: Iran to deploy submarines in Caspian Sea
AP: A semiofficial Iranian news agency says Tehran plans to deploy submarines in the Caspian Sea.
Iran says selling oil ‘easily’ despite sanctions
AP: Iran says it is having no trouble selling oil despite U.S. sanctions imposed over Tehran’s disputed nuclear program.
Iran calls for extraordinary OPEC meeting
AFP: Sanctions-hit Iran on Saturday called for OPEC to hold an extraordinary meeting to rein in output going over its agreed total quota because oil prices have dipped to a “critical level” under $100 a barrel.
How Iran is giving oil sanctions the slip
BBC: A complete European Union oil embargo on Iran over its nuclear programme comes into force on Sunday, but the Islamic Republic has already found some ways of circumventing the sanctions.
U.N. publishes report on Iran arms trade with Syria
Reuters: A U.N. Security Council committee has published a report on Iranian sanctions violations, including shipments of weapons to Syria in breach of a U.N. ban on weapons exports by the Islamic Republic.
Iran’s U.N. envoy criticizes U.S., EU over nuclear talks
Reuters: Western powers negotiating with Iran over its nuclear program have not been “serious enough” in their attempts to resolve an escalating stand-off with the Islamic Republic, Tehran’s U.N. envoy said on Friday.
Sanctions put the squeeze on Iranians
AFP: Leila is getting pretty good at playing Angry Birds on her imported iPhone. Sitting behind her desk in an idle travel agency in central Tehran, she often has nothing better to do these days.
Q&A: New sanctions targeting Iranian oil
AP: The U.S. and Europe want to deprive Iran of the oil income it needs to run its government and, most importantly, fund what they believe is an effort to build a nuclear weapon. Their efforts are entering a new phase this week.
