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Iran says detained Germans admitted breaking law

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Reuters: Iran’s prosecutor-general has said that two Germans who were arrested in Iran when they tried to interview the son of a woman sentenced to be stoned to death had admitted breaking the law, state media reported on Friday.

Japan’s Inpex to quit Iran Azadegan oilfield project

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Reuters: Inpex Corp, Japan’s top oil explorer, has pulled out from Iran’s Azadegan oil field project as expected, after U.S. sanctions against Iran over its nuclear programme posed a potential threat to the company’s business.

Iran’s Ahmadinejad says “Zionists are mortal”

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Reuters: Iranian President Mahmoud Ahmadinejad praised what he called the Lebanese resistance against Israel and declared that ‘Zionists are mortal’, according to a live Iranian state television broadcast of his speech in southern Lebanon.

Sanctions an ‘opportunity’ for local companies: Iran

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AFP: A large-scale withdrawal from Iran by international companies as part of economic sanctions represent an “opportunity” for domestic companies, the Islamic republic’s oil minister said Thursday.

Iran to hold Opec presidency for first time in 36 years

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BBC: Iran will assume the presidency of the Organization of Petroleum Exporting Countries (Opec) for the first time in 36 years.

Iran ‘arrests son of prominent conservative cleric’

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AFP: Iran has arrested Mehdi Khazali, the son of a prominent conservative cleric who has been fiercely critical of hardline President Mahmoud Ahmadinejad, an opposition website said.

FEATURE-Iran currency drop, strikes show unease over reforms

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Reuters: In Tehran’s Grand Bazaar, the vaulted alleys that normally ring to the hammers of goldsmiths, have been quiet recently; the doors of the gold merchants shut.

Iran faces fuel policy fears: IEA

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AFP: Iranian energy policy is seriously constrained by several dilemmas over petrol rationing and concern about social unrest if fuel subsidies are reduced, the IEA said on Wednesday.

US: Ahmadinejad visit to Lebanon is “provocative”

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Reuters: The White House said on Wednesday that Iranian President Mahmoud Ahmadinejad’s visit to Lebanon showed he was continuing his “provocative ways” while leading his country to economic distress and international sanctions.

Dollars are scarce in Iran

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Iran Focus: Tehran, Oct. 13 – From the Grapevine… Large numbers of Iranians have started to take funds out of their banks accounts to convert into US dollars. Long lines at foreign exchange retailers have become a common sight in recent days.